Access Bank Partners Visa To Improve B2B Cross-border Payments
One of Nigeria’s leading financial service providers, Access Bank is partnering with Visa, a digital payments platform, to improve corporate cross-border business-to-business (B2B) payments for its commercial and Small and Medium Enterprise (SME) customers.
The partnership will allow the bank to adopt the Visa B2B Connect platform to facilitate the swift and secure transfer of payment from 110 countries worldwide.
The payment solution, Visa B2B Connect, will empower the bank’s customers to execute seamless, efficient and secure money transfers from Nigeria to diverse global markets, facilitating seamless business operations.
The partnership signifies Access Bank’s commitment to digital innovation and providing best-in-class services to SMEs and large corporate clients.
In his remark on the partnership, Victor Etuokwu, Deputy Managing Director of Access Bank, said, “Access Bank has the vision to be the bank of first choice, offering innovative financial services, built on trust and driven by a passion for excellence.
“The partnership with Visa brings innovation to the forefront and provides our clients with the latest technology advancements to meet their changing needs. Access Bank’s Visa B2B Connect enrolment will help strengthen businesses in Nigeria by delivering fast, transparent and secure payment services.
“The Bank’s participation in the Visa B2B Connect platform contributes to technology modernization and service excellence, enhancing Access Bank’s partnership with businesses in Nigeria,” he said.
Commenting on the partnership, the Head of Visa B2B Connect, CEMEA, Vishal Virmani, said, “With Access Bank’s addition to Visa B2B Connect, we are excited to launch the platform in Nigeria and West Africa to benefit businesses and the cross-border payments eco-system in the country. The solution supports digital innovation and increases efficiency for financial institutions and their corporate clients.”
Virmani further stated that ”Visa B2B Connect is an innovative, non-card-based multilateral platform delivering B2B cross-border payments to 110 countries worldwide that are predictable, secure, and cost-effective for financial institutions and their corporate clients.
“Although many businesses may find cross-border payments complex, Visa B2B Connect creates predictability and transparency for customers, providing key insights for strategic decision-making and business planning,” he added.