American Express Co. is making a significant move in Nigeria, launching its first business credit card in partnership with local neobank O3 Capital. This collaboration has the potential to improve access to dollars in the West African nation, opening up new opportunities for businesses and consumers alike.
The introduction of the O3 American Express suite affirms the improvement of the ????????Nigerian business environment. This partnership introduces new avenues for accessing dollars in Nigeria and is committed to enhancing financial inclusivity and empowerment.
As part of this groundbreaking partnership, O3 Capital, a leading Nigerian fintech institution and the country’s top non-bank credit card issuer, will introduce four distinct American Express credit cards. These include the O3 American Express Green, Gold, and Platinum Cards, each offering unique benefits for consumers. The O3 American Express Gold Business Card, designed specifically for small and medium-sized enterprises (SMEs), is a game-changer in the market, providing extended repayment periods, international transaction capabilities, and dedicated support for business-related expenses.
Cardholders will enjoy a host of perks, from exclusive discounts at local establishments to coveted privileges such as airport lounge access and comprehensive insurance coverage. These cards redefine the concept of convenience and luxury in everyday transactions, both domestically and internationally.
The pinnacle of this offering is the O3 American Express Platinum® Card, elevating the experience with unparalleled concierge services, global hotel memberships, and a generous allocation of complimentary airport lounge visits. Meanwhile, the groundbreaking O3 American Express Gold Business Card fills a crucial gap in the market, catering specifically to the operational needs of businesses. With extended repayment periods, international transaction capabilities, and dedicated support for business-related expenses, it promises to streamline financial management and fuel entrepreneurial growth.
Abimbola Pinheiro, CEO of O3 Capital, remarked on the transformative impact of this collaboration, emphasising its role in catering to diverse customer segments and amplifying American Express’s reach in Nigeria. Likewise, Mohammed Badi, President of Global Network Services at American Express, expressed enthusiasm for the expansion into Nigeria’s vibrant market, recognising the pivotal role of the first-ever American Express Business Card in facilitating local businesses’ aspirations for growth.
Launching these innovative credit cards heralds a new era of financial empowerment and connectivity, bridging the gap between global excellence and local accessibility in Nigeria’s evolving economic landscape and aligning with the renewed hope consumer credit agenda.
