Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in Nigeria. This announcement places Access Bank as the first full-service bank to acquire merchants who will accept American Express Card payments in the country.
This partnership will enable American Express Card holders use their cards at a wider range of merchant locations when they spend time in Nigeria for tourism, business or visit friends and family. International American Express Card holders will also be able to withdraw cash from Access Bank ATMs. Local merchants will now have the option to accept American Express through Access Bank, thereby not only encouraging increased merchant business activity but also offering travelling American Express Card holders the opportunity to transact using their preferred method of payment.
This new partnership will broaden the acceptance of American Express payments via Access Bank as well as Access Bank ATMs and ecommerce websites nationwide. Many global organisations use American Express Corporate Cards as well as their employees who use these products for personal and business transactions. When international travel recovers, many corporate Card holders travelling to Nigeria for business are therefore likely to seek merchants that accept American Express, presenting an opportunity for those businesses that welcome the Card. Consequently, Access Bank merchants who welcome the use of American Express cards will benefit from an additional high-spending customer base.
Robert Giles, Senior Banking Advisor Retail Banking, Access Bank said: “We are proud to be partnering with American Express to bring some of the best payment solutions in the world to Nigeria. Access Bank has the largest and most accessible ATM network in the country, a leading payments business with over 16 million card holders and a huge acceptance network both online and point of sale. The benefits will be immediate as soon as travel resumes. We expect significant demand for American Express acceptance in the country, and business travellers and tourists from across the globe will now be able to use the card of their choice. This is great news for Nigerian businesses and will help bring foreign exchange inflows into the country. We value the confidence that American Express has placed in us to significantly enhance the payment experience in our market.”
Vivi Galani, Vice President EMEA Network Partnerships for American Express said: “We are pleased to be partnering with Access Bank to continue to expand the presence of American Express in Nigeria, which is an important location for our travelling card holders and a fast-growing market for commerce. This agreement will give international Cardmembers even more locations to use their cards in Nigeria, whether they are travelling for business or leisure, and this will be particularly important as international travel resumes. For local merchants, it provides the opportunity to capture more business from global card holders visiting the country.”
About Access Bank
Access Bank is a leading full-service commercial Bank operating through a network of more than 600 branches and service outlets spanning three continents. It is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise and proven risk management and capital management capabilities.
Access Bank is committed to positively impacting lives and building the economy through technology. For years, the Bank has invested in several initiatives geared towards improving access to financial services for all segments, making payments seamless and expanding its retail footprint.
About American Express
American Express is a global payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.
American Express has partnered with a select group of leading banks and financial institutions around the world to issue American Express branded products and acquire merchants on the American Express merchant network. By leveraging its partnerships, global infrastructure and the powerful appeal of the brand, American Express has gained even broader reach for its network worldwide.
Contact Access Bank
Merchants who are interested in accepting American Express through Access Bank should send an email to: [email protected]
Due to recent events, is Remitano P2P the remedy for Nigerians to buy Bitcoin in Nigeria?
Remitano P2P crypto exchange is an escrowed marketplace where crypto buyers meet crypto sellers.
It’s no longer news that the Central Bank of Nigeria popularly called CBN has placed a ban on cryptocurrency in Nigeria. With this ban in place, it is no more possible for Nigerians to buy Bitcoin from their usual exchanges with their debit cards or directly from their Nigerian bank accounts. What’s worse is that a lot of crypto traders now have their assets stuck in their exchanges as they can no longer withdraw directly to their Naira account. This sudden move by the CBN put the Nigerian crypto community in a state of frustration.
In compliance with the crypto ban, Nigerian commercial banks have begun to freeze the bank accounts of people that are associated with crypto. This ban on crypto placed by the Central Bank of Nigeria has indeed affected the people’s ability to buy bitcoin in Nigeria. A lot of people have now resorted to buying Bitcoin the old fashion way, offline purchase. Unfortunately, many of these people have been scammed of their hard-earned money simply because they had to deal with some unscrupulous few who set out to defraud those who want to buy Bitcoin. It’s like being stuck between the devil and the red sea!
So the question on every Nigerian crypto lover’s mind is – “How do I buy bitcoin safely without getting my bank account blocked or getting scammed?” Well, the answer to your question is – “Remitano P2P exchange!”
What is Remitano P2P Crypto Exchange?
Simply put, Remitano P2P crypto exchange is an escrowed marketplace where crypto buyers meet crypto sellers. With Remitano P2P, you can sell and buy Bitcoin in Nigeria from anyone without fear of being scammed or fear of your bank account being frozen. This is because Remitano acts as an escrow between the seller and buyer to ensure a smooth transaction process.
Remitano P2P is currently the leading P2P platform in Nigeria, South Africa, and several other countries. After being in existence for quite a number of years, Remitano has continuously evolved over the years to provide the perfect marketplace for both crypto buyers and sellers thereby creating a high level of trust in the crypto community.
Remitano is so confident in their ability to deliver that they guarantee all transactions are completed within 15 minutes of initiation. In the event that a transaction is not completed, compensation of 50% of the transaction fee will be refunded to the user.
In addition to this awesome service, Remitano offers the simplest and easy-to-use user interface that anyone with or without computer knowledge can interact with. Remitano also has a responsive and friendly customer service available 24/7 to provide help to buyers and sellers whenever needed.
It takes only a few steps to buy Bitcoin and other cryptocurrencies on Remitano. All you need to do is to choose a buyer you would like to buy Bitcoin from, send the Naira equivalent to the seller’s bank account. Once receipt of payment is confirmed, Remitano releases the Bitcoin into your Bitcoin Wallet.
Remitano is a product of Babylons Solutions Limited based in Seychelles. Remitano’s purpose is to offer a robust, quality trading experience to all users as a fast-moving marketplace. With necessary safety standards in place, buyers and sellers can come together, store, trade, and withdraw assets, thus avoiding issues common to other crypto exchanges.
Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.
Reach out to Remitano via:
Kimpton Kawana Bay offers African investors the key to global domination
At a time when African investors are pursuing global opportunities to improve their bottom lines and deliver greater value to their shareholders, their intentions are increasingly frustrated by the limited access of the Nigerian passport in regard to global travel.
Among other West-African passports, the Nigerian passport is restricted in its reach to only 54 visa-free destinations, many of whom are other African countries like Ethiopia. This modest number falls short next to that of Ghana, Cameroon and even Côte d’Ivoire, who have visa-free access to 73, 61 and 67 destinations respectively.
But it gets worse– when the Nigerian passport’s visa-free listings are viewed through the lens of La Vida’s Passport Value Report which combines metrics of GDP and international travel popularity to ascertain the true value of each country’s passport, it makes for even grimmer viewing as the access value is only a meagre 2.1% of the world’s GDP and 3.1% of the world’s international travel popularity.
For Africa’s most populous country preparing itself for a future without oil by leading the continental charge to export technology and talent globally, these numbers are simply unacceptable.
Global Opportunities lie in wait, yet remain gated by visa-restrictions
One instance of the myriad opportunities that exist beyond the continent for Nigerian business executives and buttresses the need for global travel is remittance. According to global Audit Firm, PWC, there are an estimated 15million Nigerians living in the diaspora whose remittance is projected to hit $34.8bn in 2023 with 40% of these remittances coming from 5 European countries alone.
This presents one of the greatest opportunities to set up banking and technology infrastructure across the EU to help more Nigerians and Africans send money back home, which even at a modest 0.1% margin could add around $17m in revenue to their bottom line.
To achieve this however, executives would need to jet in and out of Europe to set up, conduct business and oversee operations. But the limitations of the Nigerian passport mean they will require visa approvals to travel, which may not only delay the speed of execution, but also bring with it the possibility of their requests being outrightly denied.
Enter the need for a second passport and visa-free travel through Citizenship By Investment Programmes.
The Case For A Powerful Second Passport
As African countries grapple with insecurity, inflation and currency devaluation, the need for second citizenships have never been more apparent, especially as a ‘Plan B’ to hedge against whatever may come. And as the continent’s affluent middle class are becoming wealthier, their needs are evolving, from global business mobility, better visa-free travel to high-quality education opportunities abroad for their children.
It is at this juncture that the opportunity offered by La Vida Golden Visas to acquire a Grenadian citizenship through investment in the soon-to-be-completed Kimpton Kawana Bay Resort serves to transcend this existing gap and provide the much-needed hedge African HNWIs and executives need to expand and safeguard their earnings, businesses and families.
The Grenadian Passport is an instant value-add for Africans
Upon acquiring Grenada’s lifetime citizenship, the combined value for the Nigerian passport grows to 58.7% of the world’s GDP; with the Grenadian passport granting visa-free access to over 163 countries and territories including the UK, EU Schengen zone and uniquely China and Russia. At once, African HNWIs and leading execs gain unrestricted access to the countries at the forefront of global development.
“Grenada’s Citizenship by Investment (CBI) programme offers several added attractions that many of its competitor countries do not”, says Chief Executive Officer of La Vida Golden Visas, Paul Williams, in a recent interview. “The application takes only 60-90 days, has low family fees, and no interview, education, language test or management experience is required. There is no residency requirement and dual citizenship is permitted as well. Grenada also does not tax worldwide income, wealth, gift, inheritance or capital gains- which make it more attractive to business elites”.
Obtaining Grenadian Citizenship: Kimpton Kawana Bay Resort CBI
Grenadian citizenship can be obtained by investing in Government-approved real estate at a minimum of $220,000, as is the case with title deeded studios in the island’s prime project—Kimpton Kawana Bay Resort, the new beachfront 5-star luxury resort currently under construction in Grenada by True Blue Developments—a company with an impressive 20-year record in development.
“The resort, which is 79% sold out, is ideally positioned on Grand Anse Beach, voted by CNN and Condé Nast Traveller as one of the world’s best beaches. The hotel will feature an infinity-edge pool overlooking the turquoise Caribbean Sea, state-of-the-art gym and spa facilities, exquisite fine dining restaurant, roof-top bar, beach bar, lounge with terrace, and, water sports facilities,” says Tom Scott, Managing Director of Kimpton Kawana Bay.
The resort, heralded by forbes as one of the most anticipated luxury openings in the world is set to open in 2022 and will come under the operation of the internationally recognised hotel brand—Kimpton Hotels & Restaurants, part of the InterContinental Hotels Group, one of the largest in the world.
The nature of the real estate investment also allows for personal accommodation usage for up to 2 weeks, while generating a projected rental income of 3-5% through the transparent revenue-sharing model. The investment also provides the option of recouping the initial investment after 5 years without effect to the acquired Grenadian citizenship.
In further providing global access, an investment in Kimpton Kawana Bay Resort would grant citizens access to live in the UK for up to six months every year, as Grenada forms a part of the commonwealth. Another peculiarity is the E-2 Visa option, which is a secondary application open to Grenadian citizens who want to live and work in the US.
Africa’s Battle-Ready Investors are finally unleashed
At a time when African investors have their sights firmly trained on the opportunities existing beyond the borders of the continent in search of growth and starring roles in shaping the present and future of global business, technology, medicine and so on, Kimpton Kawana Bay is finely positioned as the bridge between hopeful thought and ground-breaking reality.
For once, African investors are finally equipped for expansion and global domination. The rest of the world better take notice.
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