MasterCard Worldwide, a global payment solutions company, and InterSwitch Limited, responsible for the Verve payment card brand in Nigeria, have entered into a strategic co-brand debit card agreement.
The two money market operations firms have jointly launched a new MasterCard Verve – a chip and PIN debit card which would enable cardholders to enjoy combined benefits of Verve and MasterCard such as wider acceptance throughout Nigeria and around the world as well as extensive cardholder protection.
media unveiling ceremony in Lagos on February 1st, 2011, the two organisations, represented by their top management staff, formerly announced their partnership and desire to increase value to the Nigerian economy by creating more opportunities in turning the nation into a cashless economy.
Speaking at the occasion which was held at the prestigious Protea Hotel, GRA, Ikeja Lagos, Mr. Michael Miebach, division president, Middle East and Africa for MasterCard Worldwide, stated that “the new debit card will afford cardholders peace of mind as it will provide them with a secure and efficient way of using their debit card for daily purchases and accessing their cash at over 12,000 point of sale locations, 400 online merchants and at 10,000 ATMs throughout Nigeria.
“The card will also give Nigerians new level of global debit card acceptance while greatly reducing their need to rely on cash for everyday purchases as MasterCard branded cards are currently accepted at more than 30 million acceptance locations around the world”, Miebach, who came in from MasterCard’s divisional headquarters in Dubai, disclosed.
Giving reasons behind the partnership, Daniel Lanre Monehin, MasterCard’s Area Head, East & West Africa and Indian Ocean Islands, said the co-branded debit card agreement with InterSwitch was among other things, “aimed at ushering in a new era in convenient and secure payments for Nigerians and through this collaboration, cardholders will have the ability to use a single card for domestic and international business transaction.
“Furthermore, MasterCard Verve debit cardholders will have the ability to use their debit cards in even more places, unlocking the true potential of chip and PIN cards as a safe and convenient method of payment. The MasterCard Verve co-branded debit card is fully Nigerian and fully international.”
Cardholder protection is of paramount importance to MasterCard, and MasterCard Verve debit card holders can rest easy, knowing that if their card was ever compromised or stolen while travelling, they would be able to receive either a replacement card from their bank or a cash advance through MasterCard’s Global Service.
“When we came to Nigeria, we looked around to see how we can leverage local entrepreneurship, that was how InterSwitch came on board and together we have produced a single debit card that consumers can use for both International and domestic business dealings. It is a fully Nigerian card that enjoys global acceptance. Already the local banks such as Skye Bank, Sterling Bank have already rolling them out.
“MasterCard Worldwide has led the industry in driving this evolution. MasterCard enables the transactions that are at the heart of commerce, and brings insight into the payments process to make commerce easier, faster, more seamless, more meaningful, more secure, and more valuable to
everyone involved. MasterCard is committed to accelerating business through fuelling economic connections that drive real value for its customers, associates, merchants and consumers throughout the diverse Africa region”, he declared.
According to the Director, Payment Solutions, InterSwitch, Charles Ifedi, “the MasterCard-InterSwitch alliance is a milestone in the history of the company, but more importantly it enables InterSwitch to provide cardholders with what they deserve, more convenience at home and abroad. MasterCard Verve debit cardholders will be the first cardholders in Nigeria to have local and international acceptance and be able to access a range of value added services.
“With Quickteller™, cardholders will get instant 24-hour reconnection to a variety of local and regional services such as DSTV, AIRTEL, HITV and PHCN. In addition, the MasterCard Verve debit card offers fantastic price points and significant benefits to cardholders locally, regionally and internationally”, he added.
One of the objectives of the Central Bank of Nigeria’s Financial System Strategy 2020 (FSS 2020) is to advance the efficiency of the country’s e-payment systems, by reducing the reliance on cash and promoting interoperability among financial institutions. The co-brand debit agreement between MasterCard and InterSwitch will contribute positively towards this vision.
“MasterCard is delighted to introduce this highly functional debit card to the public and looks forward to empowering Nigerians with meaningful, convenient and secure payments solutions,” Monehin concludes.
Ford Opens State-Of-The-Art Automotive Dealership In Abuja
Date: December 14, 2010
ABUJA, NIGERIA, December 14, 2010 – Today at a celebratory ribbon cutting ceremony, Ford Motor Company officially opened its 11th dealership in Nigeria—Coscharis Motors in Abuja—a state-of-the-art 22 million dollar facility that offers high-quality product, world-class service and a comprehensive parts department.
Coscharis Motors is part of the greater Coscharis Group – a very well established entity in Nigeria. As innovators in a variety of industries, Coscharis began successfully importing motorcycles to Nigeria in 1977 and ultimately grew to sell Ford vehicles in 2001 when they opened the first Ford dealership in Lagos.
The Ford Coscharis Motors dealership in Abuja will offer some of the finest vehicles in Ford’s global line-up. Award winning trucks and SUVs including the Ranger, Explorer, Everest, Escape and Expedition along with smaller cars like the Taurus, Fusion and Focus will be available.
To reintroduce the Nigerian market to Ford and its product offerings, the company recently kicked off a new advertising campaign with the theme of “Feel the Difference.” The branding campaign focuses on promoting Ford’s class-leading quality, safety and world-class customer service.
Despite a challenging year in 2009, Ford brand volumes have grown substantially in the African market, 15% year-over-year for the past five years. In Nigeria, Ford market share has more than doubled since 2008. This growth brings with it a demand for vehicles – passenger and commercial – and that is what brings the new Ford Coscharis Motors dealership to Abuja.
“We are thrilled to be growing our business in Nigeria—the largest growth market in Sub-Saharan Africa,” said Mike Crowley, Ford Sales Director, Sub-Saharan Africa. “Like Nigeria, Ford is entering a growth period of its own with a renewed vision of delivering great products, building a strong business and contributing to a better world both in Nigeria and around the globe.”
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 159,000 employees and about 70 plants worldwide, the company’s automotive brands include Ford, Lincoln and Mercury, production of which has been announced by the company to be ending in the fourth quarter of 2010. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit www.ford.com.
hi!,I like your writing very much! share we communicate more about your post on AOL? I need a spet on this area to solve my problem. Maybe thats you! Looking forward to see you.
After reading your blog post I browsed your website a bit and noticed you aren’t ranking nearly as well in Google as you could be. I possess a handful of blogs myself and I think you should take a look here: http://www-senukexreview.com You’ll find it’s a very nice tool that can bring you a lot more visitors. Keep up the quality posts
A regulation group is in reality a group entity formed by one particular particular sure positive or further lawyers to interact from your comply with of legislation
Pretty portion of content. I just stumbled upon your site and in accession capital to say that I acquire actually enjoyed account your weblog posts. Any way I?ll be subscribing in your feeds or even I achievement you get admission to persistently rapidly.
Thank you, I have recently been looking for info approximately this topic for ages and yours is the best I have came upon so far. But, what concerning the conclusion? Are you certain in regards to the supply?
It is really a great and useful piece of information. I’m glad that you shared this useful information with us. Please keep us informed like this. Thank you for sharing.
hello there and thank you for your info – I’ve definitely picked up anything new from right here. I did however expertise several technical issues using this website, as I experienced to reload the website lots of times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I am complaining, but slow loading instances times will very frequently affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my email and could look out for a lot more of your respective intriguing content. Ensure that you update this again soon..
Thanks for the auspicious writeup. It if truth be told was a enjoyment account it. Glance complex to far added agreeable from you! By the way, how can we keep in touch?
Hello there, I found your website by the use of Google whilst looking for a related subject, your site got here up, it looks good. I’ve bookmarked it in my google bookmarks.
I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here regularly. I am quite sure I’ll learn many new stuff right here! Best of luck for the next! granit
I was particularly pleased to uncover this web page.I desired to say many thanks for the time for this superb post!! I’m unquestionably making the most of just about every small little bit of it and I have you bookmarked to check out new things that you may publish on your blog.
Its such as you read my thoughts! You seem to know a lot about this, like you wrote the book in it or something. I feel that you simply can do with a few p.c. to drive the message house a bit, but other than that, this is wonderful blog. A fantastic read. I will definitely be back.
hey there and thank you on your info ? I have certainly picked up something new from proper here. I did on the other hand expertise some technical issues the use of this web site, as I experienced to reload the website many times previous to I could get it to load properly. I had been considering in case your web host is OK? No longer that I am complaining, but sluggish loading circumstances occasions will very frequently have an effect on your placement in google and can damage your high quality score if advertising and ***********
Thank you for the auspicious writeup. It if truth be told used to be a amusement account it. Glance complex to far brought agreeable from you! However, how could we keep in touch?
You can certainly see your enthusiasm within the paintings you write. The arena hopes for more passionate writers like you who aren’t afraid to mention how they believe. Always follow your heart.
Nice blog here! Additionally your site a lot up fast! What host are you the use of? Can I get your associate link to your host? I want my website loaded up as quickly as yours lol
I liked as much as you’ll receive performed right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you want be turning in the following. ill unquestionably come more before again since precisely the similar just about very continuously inside of case you defend this increase.
Attractive component of content. I just stumbled upon your site and in accession capital to claim that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing for your augment and even I fulfillment you get entry to constantly quickly.
Change this and that and try again. Duis mollis, est non commodo luctus, nisi erat porttitor ligula, eget lacinia odio sem nec elit. Cras mattis consectetur purus sit amet fermentum.
Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et. Nihil anim keffiyeh helvetica, craft beer labore wes anderson cred nesciunt sapiente ea proident. Ad vegan excepteur butcher vice lomo. Leggings occaecat craft beer farm-to-table, raw denim aesthetic synth nesciunt you probably haven't heard of them accusamus labore sustainable VHS.
Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et. Nihil anim keffiyeh helvetica, craft beer labore wes anderson cred nesciunt sapiente ea proident. Ad vegan excepteur butcher vice lomo. Leggings occaecat craft beer farm-to-table, raw denim aesthetic synth nesciunt you probably haven't heard of them accusamus labore sustainable VHS.
Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moon officia aute, non cupidatat skateboard dolor brunch. Food truck quinoa nesciunt laborum eiusmod. Brunch 3 wolf moon tempor, sunt aliqua put a bird on it squid single-origin coffee nulla assumenda shoreditch et. Nihil anim keffiyeh helvetica, craft beer labore wes anderson cred nesciunt sapiente ea proident. Ad vegan excepteur butcher vice lomo. Leggings occaecat craft beer farm-to-table, raw denim aesthetic synth nesciunt you probably haven't heard of them accusamus labore sustainable VHS.
Major lover of your website, numerous your articles or blog posts have seriously helped me out. Looking towards upgrades!
It is good too read your website again!, i see some interesting updates here..
my feelings on this topic vary from you.its fine that you brought this up on your blog,it was a nice debatable go through.
my feelings on this topic vary from you.its fine that you brought this up on your blog,it was a nice debatable go through.
i still dont know whether i agree with you on this one or not. but its good arumentative post.
I’m having a small issue I cannot make my reader pick up your feed, I’m using google reader by the way.
Fools never know when they are well.
hi!,I like your writing very much! share we communicate more about your post on AOL? I need a spet on this area to solve my problem. Maybe thats you! Looking forward to see you.
You seems to be an expert in this field, great post and keep up the good work, my friend recommended me this.
My blog:
Credit Immobilier puis rachat de credit voiture
After reading your blog post I browsed your website a bit and noticed you aren’t ranking nearly as well in Google as you could be. I possess a handful of blogs myself and I think you should take a look here: http://www-senukexreview.com You’ll find it’s a very nice tool that can bring you a lot more visitors. Keep up the quality posts
I agree but of course this isnt true… another thing: what would people do if I had 2 million dollar?
http://sleepnaturallynow.com/what-are-common-sleep-apnea-symptoms/
I have a tendency to concur, even though I am not positive about some of one’s details apnea symptoms
A regulation group is in reality a group entity formed by one particular particular sure positive or further lawyers to interact from your comply with of legislation
עורך דין
Loving the info on this web site , you have done great job on the content .
Pretty portion of content. I just stumbled upon your site and in accession capital to say that I acquire actually enjoyed account your weblog posts. Any way I?ll be subscribing in your feeds or even I achievement you get admission to persistently rapidly.
Thank you, I have recently been looking for info approximately this topic for ages and yours is the best I have came upon so far. But, what concerning the conclusion? Are you certain in regards to the supply?
electric cigarette I personally totally agree, exceptional posting. I’m putting your site into my bookmarks.
It is really a great and useful piece of information. I’m glad that you shared this useful information with us. Please keep us informed like this. Thank you for sharing.
hello there and thank you for your info – I’ve definitely picked up anything new from right here. I did however expertise several technical issues using this website, as I experienced to reload the website lots of times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I am complaining, but slow loading instances times will very frequently affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my email and could look out for a lot more of your respective intriguing content. Ensure that you update this again soon..
We loved your website so much we added it to our sites to visit list at http://www.usbhubreview.net/sites-we-like Complete the FREE offer to make it permanent.
Thanks for the auspicious writeup. It if truth be told was a enjoyment account it. Glance complex to far added agreeable from you! By the way, how can we keep in touch?
I believe this site has some real great information for everyone : D. reseller hosting | reseller web hosting |
I was looking for this. Really refreshing take on the information. Thanks a lot.
I was trying to find this. Really refreshing take on the information. Thanks a lot.
I really liked the article, and the very cool blog
Hello there, I found your website by the use of Google whilst looking for a related subject, your site got here up, it looks good. I’ve bookmarked it in my google bookmarks.
I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here regularly. I am quite sure I’ll learn many new stuff right here! Best of luck for the next!
granit
I was particularly pleased to uncover this web page.I desired to say many thanks for the time for this superb post!! I’m unquestionably making the most of just about every small little bit of it and I have you bookmarked to check out new things that you may publish on your blog.
Found this on MSN and I’m happy I did. Interesting article.
Its such as you read my thoughts! You seem to know a lot about this, like you wrote the book in it or something. I feel that you simply can do with a few p.c. to drive the message house a bit, but other than that, this is wonderful blog. A fantastic read. I will definitely be back.
Enjoyed going through this. Keep it up!
Really nice piece of information, I loved it!
Found this on MSN and I’m glad I did. Interesting article.
hey there and thank you on your info ? I have certainly picked up something new from proper here. I did on the other hand expertise some technical issues the use of this web site, as I experienced to reload the website many times previous to I could get it to load properly. I had been considering in case your web host is OK? No longer that I am complaining, but sluggish loading circumstances occasions will very frequently have an effect on your placement in google and can damage your high quality score if advertising and ***********
Enjoyed reading this. Keep it up!
Thank you for the auspicious writeup. It if truth be told used to be a amusement account it. Glance complex to far brought agreeable from you! However, how could we keep in touch?
You can certainly see your enthusiasm within the paintings you write. The arena hopes for more passionate writers like you who aren’t afraid to mention how they believe. Always follow your heart.
Nice blog here! Additionally your site a lot up fast! What host are you the use of? Can I get your associate link to your host? I want my website loaded up as quickly as yours lol
I liked as much as you’ll receive performed right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you want be turning in the following. ill unquestionably come more before again since precisely the similar just about very continuously inside of case you defend this increase.
Attractive component of content. I just stumbled upon your site and in accession capital to claim that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing for your augment and even I fulfillment you get entry to constantly quickly.