Lagos, Nigeria, May 9, 2024 – O3 Capital (“O3”)leading Nigerian fintech and the country’s first non-bank credit card issuer, has announced an agreement with American Express to issue four new American Express® credit cards:
- O3 American Express® Green Card for Consumers
- O3 American Express® Gold Card for Consumers
- O3 American Express Platinum® Consumer Card
- O3 American Express® Gold Business Card for small and medium-sized enterprises (SMEs).
Details
With the O3 American Express Green, Gold and Platinum cards, O3 Capital will enhance its overall offering to its customers, providing American Express Card members with a range of travel and lifestyle benefits for use in Nigeria and when traveling abroad.
These cards will provide access to discounts at selected businesses across Nigeria, cinema and dining privileges, hotel and car rental privileges, and various insurances and policies.
In addition, the O3 American Express Platinum® Card will provide access to a travel and lifestyle concierge service, membership to a global hotel program and five complimentary visits per year to eligible domestic and international airport lounges.
The cards will be usable at American Express which accepts merchants across Nigeria and around the world.
The big picture
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 cash flow with access to a credit facility, the ability to conduct international transactions and the inclusion of an extended repayment period of up to 45 days.
It will also aim to support running a business, with benefits including three free visits per year to eligible local and international airport lounges, car rental benefits and travel insurance.
What they say
Abimbola Pinheiro, CEO 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 looking to enjoy the benefits of a domestic card with the international reach of American Express. We are extremely proud to be the first to issue an American Express Business Card to the Nigerian business community and look forward to working with American Express to fulfill our potential.”
Mohammed Badi, President of Global Network Services at American Express, commented:
“With O3 Capital American Express Cards, consumers and businesses in Nigeria will have even more payment options. American Express is excited to continue to strengthen its presence in Nigeria and expand its reach across Africa. The first American Express business card in Africa’s most populous country will give us another way to support local businesses with their growth ambitions.”
Follow us on our WhatsApp channel, Twitterand Instagramand subscribe to our weekly newsletter to make sure you don’t miss any news.
Related