O3 Capital a Nigerian fintech company in partnership with American Express has announced the launch of four new credit cards tailored for the Nigerian business.
At the unveiling of the card on Thursday, May 9, 2024, the companies said the cards will make it easy for Nigerians to carry out dollar based transactions.
The cards launched are the 03 American Express Green Card for consumers, the 03 American Express Gold Card for consumers, and the 03 American Express Platinum Card for consumers and the 03 American Express Gold Business Card for small- and medium-sized enterprises (SMEs).
The President of Global Network Services, Amex, Mohammed Badi introducing the card to journalists said that the business card comes with a spending limit of $10,000 and offers a repayment window of up to 45 days for international transactions.
He said:
In a chat with TimesNow.com.ng at the launch event, Abimbola Pinheiro, the Chief Executive Officer of O3 Capital, said the O3-Amex card will help solve the problem associated with dollar-based transactions for Nigerians.
His words:
TimesNow.com.ng earlier reported that the Federal Government has directed Nigerian banks and other financial institutions to issue new debit cards to customers with National Identification Numbers (NIN).
The new card will withdraw money from Automatic Teller Machines and serve as a national identity card for Nigerians.
The Minister of Communications and Digital Economy, Isa Pantami, announced the directive during a press briefing following the valedictory Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari in Abuja.
Source: TimesNow.com.ng
