The cards are:

1. O3 American Express Green Card for consumers,
2. O3 American Express Gold Card for consumers, and
3. O3 American Express Platinum Card for consumers; and
4. O3 American Express Gold Business Card for small- and medium-sized enterprises (SMEs).

With the O3 American Express Green, Gold, and Platinum Cards, O3 Capital will enhance its overall customer offering, providing American Express Card Members a range of travel and lifestyle benefits for use in Nigeria and when travelling overseas.

These Cards will provide access to discounts at select businesses across Nigeria, cinema and dining perks, hotel and car rental benefits, and various insurances and protections.

Additionally, the O3 American Express Platinum Card will provide access to a travel and lifestyle concierge service, a membership with a global hotel programme, and five complimentary visits per year to eligible local and international airport lounges.

Cards will be able to be used at American Express accepting merchants across Nigeria and around the world.

The O3 American Express Gold Business Card will be the first American Express card launched in Nigeria to specifically support the spending needs of businesses.

This card will improve the day-to-day management of business transactions and cashflow with access to a credit facility, the ability to perform international transactions, and the inclusion of an extended repayment period of up to 45 days.

It will also aim to support the running of a business, with benefits such as three complimentary visits per year to eligible local and international airport lounges, car rental perks, and travel insurance included.

Abimbola Pinheiro, Chief Executive Officer of O3 Capital, said:

“This agreement with American Express is a significant milestone, both for O3 Capital and for Nigerian businesses. We will provide solutions for a wide range of customers – from consumers looking for more value from their payment products to businesses who want to enjoy the benefits of a domestically issued card with the international reach of American Express. We are particularly proud to be the first who will issue an American Express Business card to the Nigerian business community and we look forward to working with American Express to fulfil our potential.”

Mohammed Badi, President of Global Network Services at American Express, commented:

“With the O3 Capital American Express cards, consumers and businesses in Nigeria will have even more payment choice. American Express is excited to continue to strengthen its presence in Nigeria and expand its reach across Africa. The first-ever American Express Business Card in the most populous African country will give us another way to support local businesses with their growth aspirations.”

Established in 2014, O3 Capital is currently the second largest credit card issuer in Nigeria with over 20,000 cards. It has strategically focused on issuing Naira-denominated credit and prepaid cards to the Nigerian market.

American Express is a globally integra

ted payments company with products and services such as personal cards, business cards and services, travel services, gift cards, prepaid cards, etc.

As part of the partnership, ABC Transport has integrated JumiaPay as a payment gateway on their platform, allowing customers to conveniently pay for their bus tickets.

This partnership brings even greater convenience to passengers, who can now make secure payments for their bus tickets online, without the need for cash or physical cards.

With JumiaPay, customers can easily pay for their tickets via bank transfers, USSD or debit cards, providing a faster, more secure, and hassle-free payment experience.

“We are excited to partner with ABC Transport to bring our safe, fast, and convenient payment solution to their customers. This partnership is a testament to our commitment to providing seamless payment solutions that offer convenience, safety, and security to everyone, said Adedamola Giwa, Managing Director, JumiaPay Nigeria.”

The transport company is known for its reliable and comfortable transportation services across Nigeria and West Africa. The integration of JumiaPay into the ABC Transport platform is expected to improve the customer experience, making it easier for passengers to book tickets and make payments.

“We are proud to partner with JumiaPay to offer our customers a secure and convenient payment solution. This partnership aligns with our commitment to continuously improve our services for the benefit of our customers, said Victor Nneji, Group Head – Innovation, Strategy & Marketing ABC Transport.”

The partnership is expected to increase the adoption of cashless payment solutions in the transportation sector, promoting a safer and more convenient payment experience for all.

The bank said this via a statement sent to its customers.

According to the statement, the suspension would take effect from August 1, 2022.

“Kindly be informed that effective August 1, 2022, International spending on our Naira Visa Debit Card will be suspended,” the statement reads

“International spend limit on our Standard Chartered Bank Credit Card however remains at $1,000 monthly and Foreign Currency Debit Card limits remain unchanged.

“Thank you for banking with Standard Chartered Bank. As always, we remain committed to providing you best-in-class financial solutions.”