– Rides On Global Partnership With Discover Network
Verve, a leading payments technology and card business in Africa, and Discover Global Network, the payments brand of Discover, today held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance in more than 190 countries and territories. This will expand Verve’s existing suite of tailored payment products and solutions for its customers. L-R: Mitchell Elegbe, Founder/GMD, Interswitch Group, Joseph Hurley, Snr. Vice President, Payment Services, Discover Financial Services, Francis Gbenga Shobo, Deputy Managing Director, First Bank, Olubusola Osilaja, Divisional head, eBusiness, Access Bank, Martins Izuogbe, Divisional Head, Operations, Fidelity Bank, Diane Offereins, Executive Vice President, Payment Services, Discover, Chuma Ezirim, Group Executive, Retail & E-Business, First Bank, and Mike Ogbalu, Divisional CEO, Verve, at the Verve Global Card Launch in New York, on Monday.
The first transaction occurred today at Swarovski in New York City. Senior executives from First Bank, Access Bank and Fidelity Bank purchased various items from Swarovski using their Verve Global Card on the Discover Global Network.
The agreement with Discover Global Network will facilitate new international and cross border transaction capabilities for Verve Global Card customers, meeting the needs of its increasingly global customer base. Holders of the new card can make payments outside Africa on the Discover Global Network which includes anywhere Discover, Diners Club International and Pulse and affiliate network cards are accepted. Verve Global Card also delivers additional benefits to cardholders including broad reward and loyalty schemes; benefits that are available both locally and internationally.
Mitchell Elegbe, Interswitch Group Managing Director, commented on the announcement: “The agreement with Discover Global Network will enable Verve to compete with other global card offerings, providing cardholders with an enhanced customer experience when transacting globally outside Nigeria. Creating a solution which facilitates international payments for our consumers will help to eliminate existing barriers and simplify the process when transacting abroad.”
“It is important to us that we are working with groups around the world to extend acceptance for their cardholders,” said Ricardo Leite, senior vice president of international markets at Discover. “At Discover, we recognize the importance of being able to use your card of choice no matter where you are traveling.”
Mike Ogbalu III, Verve International Divisional Chief Executive Officer, also commented on the announcement saying, “The launch of the Verve Global Card, provides consumers with the ability to transact globally across the US and other countries, addressing challenges that many Nigerians have experienced while travelling abroad. Our partnership with Discover Global Network will help us to optimize the overall experience of every Verve Global card holder by guaranteeing consistent and efficient payment solutions regardless of where they are in the world”.
Verve is Interswitch Group’s innovative card scheme, offering products and solutions that enable consumers to transact all over Nigeria and across international markets. As the first African card scheme to be recognized as a valid, globally accepted e-payment gateway, we have built a world-class value chain ecosystem that benefit from the services that we provide.
About Interswitch Group.
Interswitch is a digital payment company of African Origin focused on providing convenience and real value for consumers. We facilitate the seamless electronic circulation of money as well as value exchange on an ongoing, real-time basis.
We began in 2002 as a transaction switching and electronic payments processing business, building and managing payment infrastructure, delivering innovative payments solutions and driving transactions across the African continent and other international markets. We provide secure, solutions and services that facilitate convenience and real value for consumers, businesses, governments and other organizations, helping to reduce costs, improve operational efficiency and drive sustainable revenue growth.
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America’s cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.