AMERICAN EXPRESS DEBUTS FIRST NIGERIAN BUSINESS CREDIT CARD WITH O3 CAPITAL
Key Points:
- Partnership: O3 Capital, a Nigerian fintech company and the country’s first non-bank credit card issuer, has partnered with American Express.
- New Credit Cards: Four new American Express credit cards will be launched in Nigeria:
- O3 American Express Green Card (consumer)
- O3 American Express Gold Card (consumer)
- O3 American Express Platinum Card (consumer)
- O3 American Express Gold Business Card (SMEs)
- Consumer Benefits: The Green, Gold, and Platinum cards offer travel and lifestyle benefits for use in Nigeria and abroad, including discounts, airport lounge access, and insurances.
- Business Benefits: The Gold Business Card is the first American Express business card in Nigeria. It provides benefits like extended repayment periods, international transactions, airport lounge access, and travel insurance.
- Quotes:
- O3 Capital CEO Abimbola Pinheiro highlights the significance for O3 Capital and Nigerian businesses, offering solutions for various customers.
- American Express President Mohammed Badi expresses excitement about offering more payment choices and supporting business growth in Nigeria.
- Background:
- O3 Capital, established in 2014, is the second-largest credit card issuer in Nigeria with over 20,000 cards.
- American Express is a global payments company.
Overall, this partnership expands credit card options for Nigerian consumers and businesses, with O3 Capital leveraging American Express’s global network.
