Talkmore Gandiwa
HARARE – Nedbank Zimbabwe has launched the American Express merchant in Zimbabwe which allows the bank to acquire merchants and enables international card holders to use them in the country.
American Express (AMEX) is a globally-integrated payments company, providing customers with access to products, insights and experiences that enrich lives and result in business success.
The partnership will enable AMEX card members to use their cards at both physical and online merchants, including tourist destinations, restaurants, and hotels that are acquired by Nedbank Zimbabwe.
Nedbank Zimbabwe executive head of origination and sales Heresy Herry said the development would provide convenience to tourists and business travellers in terms of better payment choices.
“We are pleased to be the acquirer of American Express in Zimbabwe and to allow international American Express card members to use their cards in the country,” he said in a statement.
“Furthermore, for our merchants, it provides the opportunity to capture more business from international American Express card members visiting the country.”
According to the bank, merchants acquired by Nedbank Zimbabwe for American Express acceptance can attract business from a global base of high-spending card members, travelling for business and leisure, from Africa and all over the world.
American Express Global Network Services vice-president and general manager Briana Wilsey said they were committed to expanding the number of areas which accept American Express around the world.
Nedbank said merchants would have access to market leading reconciliation and balancing tools, including Nedbank Zimbabwe’s online merchant portal where they can view and download settlements, submissions, and transactions and resolve any disputes quickly and efficiently.
Under the partnership, merchants have access to market-leading reconciliation tools, including Nedbank Zimbabwe’s online merchant portal, where they can view and download settlements, submissions, and transactions and resolve any disputes quickly and efficiently.
Nedbank Zimbabwe’s managing director, Dr Sibongile Moyo, said the partnership would make a difference in Zimbabwe’s tourism industry and tourism receipts.
She said the payment platform has been the missing link, and it will unlock the market.
