Verve International Launches in East Africa
Verve International (‘Verve’), an African payment card brand, has announced its official entry into the Kenya market at a launch in Nairobi.
The launch included the announcement of a strategic partnership with Kenya Commercial Bank (KCB) to expand card acceptance and payment services in six key East African markets.
Verve, which is also the biggest payment card brand in Nigeria with more than 30 million payment tokens, is rapidly expanding issuance and acceptance across the African continent and is now issued by over 40 banks in Africa. The launch of the Kenya operation will extend the Verve network into Kenya, Tanzania, Burundi, South Sudan and Rwanda and integration into existing operations in Uganda.
The launch opens the way for Verve card users to enjoy services in Kenya and key East African markets. Verve also intends to begin issuing branded cards to Kenyan and East African customers in the near term.
Verve International is pursuing acceptance of the Verve card around the world. In 2013 the company signed a partnership agreement with Discover Financial Services (DFS), the owners of Diner’s Club, which will give Verve cardholders access to the Discover global network of over 185 countries and territories across the world.
Charles Ifedi, Chief Executive Officer, Verve International, said, “East and West Africa are host to some of the fastest growing economies on the continent. We are also seeing rapidly expanding trade flows between the two regions, and with that increased travel.
Source: Mobile world Magazine 29 October 2015