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Cashless Nigeria: Verve Card Now Accepted In US, Other Countries. - Business - Nairaland

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Cashless Nigeria: Verve Card Now Accepted In US, Other Countries. by Morgan1092(m): 6:31am On Mar 18, 2013
In furtherance of the Central Bank of Nigeria (CBN)’s cashless policy, Verve card will now be accepted in several countries in Europe and America.
This became possible as DiscoverFinancial Services (DFS) and Interswitch, the largest integrated payment processing service provider in Nigeria and promoter of the leading card network, Verve, have entered a strategic alliance that will allow acceptance of Discover and Diners Club International (DCI) cards at Interswitch-enabled ATMand point-of-sale (PoS) terminals for purchases in Nigeria, while Verve card will also be accepted in the US, China, Japan, Korea, Serbia and India.
This agreement will also allow Verve cardholders to have accessto Discover, Diners Club International and PULSE networks for international purchases and cash access outside of Nigeria.
“This alliance is significant to Discover’s strategy of creating analternative global payments network that gives both financialinstitutions and consumers morechoice,” said Diane Offereins, EVPand President of Discover Payment Services.
“By partnering with regional payments networks such as Interswitch, Discover is able to leverage its unique set of assets to grow volume, while providing our partners with the global reach and localized preferences and needs they require.”
Discover has established networkto network alliances across the globe, including in China, Japan, Korea, Serbia and India. These alliances provide valuable access to Discover’s global acceptance footprint and deliver value and volume to merchants and partners. “This alliance is anotherstep in the right direction for Verve. We continue to look for new opportunities to expand ourpayments network, and our partnership with Discover is an example of that,” said Charles Ifedi, CEO of Verve.
“The new agreement with Discover Financial Services provides our issuing members with new options for ATM and POS access around the globe while also giving Verve cardholders what they deserve, more convenience at home and abroad.”
“This partnership is a major milestone in our 10-year history. We will also leverage Discover’s suite of solutions to deliver innovative card and electronic payment initiatives across various sectors in the market,” said Mitchell Elegbe, Group MD/CEO, Interswitch.
“One of the objectives of the Central Bank of Nigeria’s FinancialSystem Strategy 2020 (FSS 2020) is to advance the efficiency of thecountry’s e-payment systems by reducing the reliance on cash and promoting interoperability among financial institutions. The agreement between Discover and Interswitch will contribute positively towards this vision.”
Re: Cashless Nigeria: Verve Card Now Accepted In US, Other Countries. by braine(m): 7:10am On Mar 18, 2013
Good development. kiss
Re: Cashless Nigeria: Verve Card Now Accepted In US, Other Countries. by Trut(m): 9:57pm On Mar 18, 2013
Ok, i don hia. Verve is the worst Debit Card, many ATM's around my location always decline my Ecobank (useless and worst bank in naija) Verve Card.

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