Verve, a payments technology and card business firm based in Africa, and Discover Global Network, the payments brand of Discover, have partnered to launch the Verve Global Card. Verve Global Card holders will now have the ability to use their cards on the Discover Global Network which provides acceptance in more than 190 countries and territories, thereby expanding Verve’s existing suite of tailored payment products and solutions for its customers.
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 MD, 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 VP 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 CEO, 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’s card scheme, offering products and solutions that enable consumers to transact all over Nigeria and across international markets.
Interswitch is a digital payment company founded in Africa and focused on providing convenience and value for consumers. The firm facilitates the seamless electronic circulation of money as well as value exchange on an ongoing, real-time basis.
It was founded 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.
Discover is a direct banking and payment services company. Founded in 1986, the firm is recognised as one of the largest card issuers in the US. 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.