Visa, the global digital payments company, has partnered with Access Bank to launch a Corporate Credit Card aimed at medium and large enterprises across Nigeria. The product is designed to transform corporate finance management by digitising operational expenditures and enhancing overall financial efficiency.
The new card provides a dual-purpose solution, helping companies improve working capital management while enabling real-time tracking of organizational expenses. By offering data-driven insights, it allows finance teams to make more informed decisions and improves transparency across departments.
Andrew Uaboi, Vice President and Cluster Head for West Africa at Visa, said the collaboration aims to strengthen Nigeria’s digital payment ecosystem for businesses. “The Access Bank Visa Corporate Credit Card provides seamless, accountable, and data-driven expense management for medium and large enterprises, supporting their growth in a digital economy,” he explained.
Florence Owuor, Head of Cards Business at Access Bank, highlighted the card’s alignment with the bank’s focus on innovation and customer-centric solutions. “The card improves cash-flow efficiency and optimizes operational time. Through the Visa Spend Clarity platform, finance teams can monitor and manage expenses in real time, ensuring full control at the click of a button,” she stated.
A key feature of the card is the Access Bank Visa Spend Clarity portal and mobile application, which provides detailed visibility into transactions across employees, departments, and branches. This feature helps prevent fraudulent claims, inflated invoices, and the misclassification of personal expenses as business costs, reinforcing corporate governance.
The card also offers an interest-free period of up to 45 days, enabling CFOs and corporate treasurers to optimize cash flow, make early supplier payments, and maintain healthy liquidity, all while supporting business growth.
Operational expenses that can be digitised through the card include employee travel, entertainment, fuel procurement, office supplies, and other business-related costs. Issuing cards to employees and departments allows companies to move away from cash-heavy processes and strengthens accountability.
To encourage adoption, Access Bank and Visa will host monthly webinars for corporate treasurers and CFOs. The sessions will focus on the value of the card, best practices in expense management, and strategies for maximizing operational and working capital efficiency.
The launch marks a strategic step toward digitising corporate payments in Nigeria and underscores both Visa and Access Bank’s commitment to modernizing enterprise finance with smarter, technology-driven solutions.
