American Express Company, a renowned American financial services corporation established in 1850, has collaborated with the pan-African financial services Group, Ecobank, to broaden American Express Card acceptance across twenty-one countries in Africa.
In a significant move announced at the African Development Bank Group Annual Meetings 2024, this agreement will not only increase the presence of American Express in 42 sub-Saharan African countries but also enhance the global network access for American Express Card Members. Under this partnership, Ecobank will facilitate increased American Express Card usage for its consumers and merchants in various countries.
Mohammed Badi, President of Global Network Services at American Express, expressed enthusiasm for the expanded presence in Africa, stating that the partnership with Ecobank signifies a crucial milestone for American Express acceptance across the continent. By collaborating with Ecobank, American Express aims to offer merchants in the region access to high-spending American Express Card Members, both locally and globally.
Through this agreement, American Express Card Members will now be able to use their Cards in twelve new countries, and the number of merchants accepting American Express Card payments will increase in nine other countries where American Express is already accepted. Furthermore, Ecobank will extend ATM acceptance for American Express across its operating countries in Africa, with the exception of Cape Verde.
Jeremy Awori, CEO of Ecobank Group, emphasized the benefits of this partnership for both American Express Card Members and merchants, creating opportunities for increased choice and business growth. The collaboration underscores the scalability of Ecobank’s comprehensive and interconnected banking ecosystem and network throughout Africa.
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