Discover Partners with Nigerian Processor for Cross-Border Acceptance (March 12, 2013)
March 12, 2013
Discover Financial Services has agreed to a deal with Interswitch Limited, the largest integrated payments processor in Nigeria, to enable acceptance of Discover and Diners Club International cards at Interswitch-enabled ATMs and POS terminals throughout that country. The partnership will expand payment opportunities for Nigerians as well, giving holders of Nigeria’s Verve payment cards access to the Discover, Diners Club and the PULSE networks for purchases and cash access outside the country, according to an announcement.
The alliance will be implemented in phases, with the initial stage focusing on granting 20 million Verve cardholders access to the PULSE global ATM network, followed by enacting Discover and Diners Club acceptance within Nigeria. The final stage will establish Verve card acceptance across the Discover and Diners Club network.
“By partnering with regional payments networks, such as Interswitch, Discover is able to leverage its unique set of assets to grow volume, while providing our partners with the global reach and localized preferences and needs they require,” said Diane Offereins, executive vice president, payment services, Discover Financial Services. Discover has launched similar alliances across the globe, in countries including China, Japan, Korea, Serbia and India.