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Access Bank partners VISA to boost e-commerce

The Citizen by The Citizen
August 21 2014
in Business, Uncategorized
A A
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Access Bank Plc and Visa Incorporated have announced a business partnership with shoptomydoor.com, an online shipping company to ease electronic transactions and payments.

A statement by the bank said, the partnership will enable Access Bank’ s Visa cardholders to shop online retailers in the United States, United Kingdom and China with exclusive shipping discounts.

The bank said with the development, Access Bank’s Visa cardholders could now shop from major international retailers with more flexibility and convenience.

The statement quoted the Head, Personal Banking, Mr. Victor Etuokwu, as saying, “In line with the Central Bank of Nigeria’s cashless initiative, this move is seen as part of Access Bank’s efforts at boosting electronic payments, e-commerce and fostering ease of transactions.”

“Visa cardholders can make purchases online in the listed countries as if they are local residents and have it shipped to their local address in a few business days.”

According to him, Shoptomydoor.com is a global player in the e-commerce and e-procurement industry and it offers an effective means of conducting transactions over the Internet.

Etuokwu said the introduction of Shoptomydoor.com platform was a deliberate attempt by the bank to make financial services easy for its customers.

He also said the development was in line with the bank’s commitment to consistently deploy innovative strategies to make life easier for its customers.

“We believe that our customers will benefit immensely from this innovation, and the process is straightforward,” he stated.

While the surge in e-commerce has given rise to concerns about online security, the bank allayed customers’ fears, saying its cards were protected with security tools.

In addition to the in-built security mechanism, Access Bank said its Visa cards were protected and verified by Visa features respectively.

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