Access Bank and Visa Team Up on Innovative Card Solution for Nigerian Businesses

Access Bank and Visa team up on card solution for Nigerian businesses, marking a game-changing move for medium to large companies across the country. This partnership brings a fresh Corporate Credit Card designed to make financial management simpler and smarter. Nigerian businesses often struggle with cash flow and tracking daily expenses, but this new tool changes that by combining easy payments with powerful digital tracking.

The collaboration between Access Bank and Visa on card solution for businesses focuses on real-world needs. Access Bank, a leading bank in Nigeria with a history of smart partnerships like its Mastercard collaboration, has joined forces with Visa, the global leader in digital payments. Together, they launched the Access Bank Visa Corporate Credit Card. This card acts as a dual-purpose solution. It helps with working capital while digitizing how companies handle operational costs. For many Nigerian firms, especially medium to large enterprises, this means less stress over money matters.

One standout benefit is the interest-free period of up to 45 days. Imagine a company needing to pay suppliers quickly but wanting to keep cash on hand for growth. This card solution for Nigerian businesses lets Chief Financial Officers (CFOs) and treasurers do just that. They can settle bills early without extra costs, keeping their Days Payables Outstanding (DPO) healthy. This boosts liquidity, which is vital in Nigeria’s fast-paced business world where every naira counts.

Beyond cash flow, the card tackles expense tracking head-on. Businesses deal with lots of operational expenses, or OPEX, like employee travel, meals during meetings, fuel for vehicles, diesel for generators, and office supplies. In the past, these often involved cash, leading to messy records and errors. Now, companies can issue cards to staff and departments. This shifts everything to digital, making it easy to see where money goes.

Florence Owuor, Head of Cards Business at Access Bank, shared her excitement. “In line with our values of innovation and passion for customers, Access Bank is pleased to introduce the Access Visa Corporate Credit Card, designed to deliver both cash-flow efficiency and operational time optimization. With the added advantage of Visa Spend Clarity, finance teams can seamlessly manage and monitor corporate expenses in real time, all at the click of a button.”

A big part of why Access Bank and Visa team up on card solution for Nigerian businesses shines is the Visa Spend Clarity tool. This comes as a web portal and mobile app. It gives companies detailed data on every spend. Managers can track transactions by employee, branch, or department. No more guessing, everything is clear and instant. This setup fights common problems like fake claims, padded invoices, or staff mixing personal buys with business ones. Stronger governance means less risk and more trust.

Andrew Uaboi, Vice President and Cluster Head for West Africa at Visa, highlighted the bigger picture. “Visa is committed to digitising payments and providing businesses with the tools they need to thrive in a digital economy. The Access Bank Visa Corporate Credit Card solution brings seamless, accountable, and data-driven expense management to medium and large organisations, helping them make smarter financial decisions.”

This card solution for Nigerian businesses fits perfectly into today’s digital shift. Nigeria’s economy is growing, with more companies going cashless. Yet challenges like power outages and supplier delays persist. The card helps overcome these by offering reliable digital payments anywhere Visa is accepted. Businesses can buy fuel without cash runs or order equipment online with full tracking. For large firms with branches in Lagos, Abuja, or Port Harcourt, it’s a way to centralize control while empowering teams.

Access Bank and Visa teaming up on card solution for businesses also promotes efficiency. Finance teams save hours no longer chasing receipts or reconciling accounts. Real-time insights let CFOs spot trends, like high travel costs in one department, and act fast. This data-driven approach supports better budgeting and planning, key for growth in competitive sectors like manufacturing, retail, and services.

To help companies get started, Access Bank and Visa plan monthly webinars. These free sessions target CFOs and treasurers. Attendees will learn the card’s full value and tips for optimizing expenses and working capital. It’s hands-on support, showing how this partnership delivers real results.

In Nigeria, where businesses face unique hurdles like currency fluctuations and supply chain issues, this innovation stands out. The Access Bank Visa Corporate Credit Card isn’t just a payment tool, it’s a partner for sustainable growth. By streamlining finances, it frees up time and resources for what matters: expanding operations and serving customers better.

As more firms adopt this, expect a ripple effect. Suppliers get paid faster, employees handle tasks smoother, and leaders make sharper choices. Access Bank and Visa team up on card solution for Nigerian businesses sets a new standard, proving that smart tech can transform everyday challenges into opportunities.

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