Access Bank Partners with Visa to Revolutionize Cross-Border B2B Payments

Access Bank has joined forces with Visa, the global leader in digital payments, to revolutionize cross-border business-to-business (B2B) transactions.

Through this partnership, Access Bank aims to enhance the efficiency of B2B payments for its corporate, commercial, and small and medium enterprise (SME) customers, by adopting the cutting-edge Visa B2B Connect platform, enabling seamless financial transactions with 110 countries worldwide.

Visa B2B Connect, a state-of-the-art payment platform, promises to expedite secure money transfers from Nigeria to various global markets, facilitating frictionless business operations for Access Bank’s valued customers.

This partnership underscores the bank’s dedication to digital innovation and its commitment to delivering exceptional services to SMEs and corporate clients.

By offering cost-effective, efficient, reliable, and secure cross-border payment services, this collaboration aims to amplify the customer experience and foster commerce across diverse trading corridors.

Victor Etuokwu, Deputy Managing Director of Access Bank, said, “Access Bank’s Visa B2B Connect enrollment will help strengthen businesses in Nigeria by delivering fast, transparent, and secure payment services, contributing to technology modernization and service excellence.”

Vishal Virmani, Head of Visa B2B Connect, CEMEA, expressed excitement about the platform’s expansion into Nigeria and West Africa, saying, “With Access Bank’s addition to Visa B2B Connect, we are excited to launch the platform in Nigeria and West Africa to benefit businesses and the cross-border payments ecosystem in the country, supporting digital innovation and increasing efficiency for financial institutions and their corporate clients.”

Visa B2B Connect, a non-card-based multilateral platform, introduces predictability and transparency to cross-border B2B payments, empowering businesses with vital insights for strategic decision-making and robust business planning.

This partnership marks a significant stride towards a more connected and efficient global business landscape.