Verve, the 11-year-old Pan-African payment card brand owned by Interswitch, has extended its reach to countries outside Africa, allowing its users to make transactions in 185 countries around the world.
Verve recently announced that through its partnership with Discover Global Network — a leading US card platform, it will allow international and cross-border transactions for its customers using the new Verve Global Card.
In a statement, Executive Vice President, Payment Services at Discover Financial Services, Diane Offereins, said the partnership is mutually beneficial, as it would help both companies expand their customer base, and increase acceptance of their products and services.
Before now, holders of Verve cards could only use their cards in Nigeria and some other African countries.
On August 12th 2019, the first international transaction using the new card was carried out at Swarovski — a jewellery shop– in New York.
With the introduction of Verve Global Card, Verve and her parent company — Interswitch — joins the ranks of global brands like Visa and Mastercard.
According to Verve’s customer care service department, the new Verve Global Card is different from the current one (Verve Classic Card) and customers would have to get the new card at their respective banks.
As at press time, only Fidelity Bank has confirmed that the cards are currently available.
Evidently, this is good news for Nigerians as they are no longer limited to only two cards for international transactions.
Jan. 18: Bonus Built in Africa episode: Town Hall meeting with Peter Salovey, President of Yale University
On March 25, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship. Location: Fourpoint by Sheraton, V.I. Lagos
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
Writer and Tech Zealot. There’s always something new to discover. Twitter Get in Touch