Access Bank has announced a strategic partnership with global digital payments company Visa to introduce a new Corporate Credit Card solution designed specifically for medium to large enterprises operating in Nigeria.
The collaboration is aimed at transforming how Nigerian businesses manage working capital and operational expenses by offering a dual-purpose financial tool that combines short-term credit access with digital expense tracking.
The Access Bank Visa Corporate Credit Card provides an interest-free period of up to 45 days, enabling Chief Financial Officers (CFOs) and corporate treasurers to optimise cash flow and manage liquidity more efficiently. Through the card, organisations can make early supplier payments while maintaining healthy Days Payables Outstanding (DPO), freeing up funds to support growth and operations.
Beyond working capital support, the card addresses the growing need for digitised expense management. It allows businesses to track operational expenses such as employee travel, entertainment, fuel and diesel purchases, office equipment, and other procurement costs. By issuing cards to specific staff or departments, companies can significantly reduce reliance on cash-based transactions.
Speaking on the launch, Head of Cards Business at Access Bank, Florence Owuor, said the solution aligns with the bank’s commitment to innovation and customer-focused financial services.
“In line with our values of innovation and passion for customers, Access Bank is pleased to introduce the Access Visa Corporate Credit Card, designed to deliver both cash-flow efficiency and operational time optimisation. With the added advantage of Visa Spend Clarity, finance teams can seamlessly manage and monitor corporate expenses in real time, all at the click of a button,” she said.
A key feature of the partnership is the integration of Visa Spend Clarity, available via a web portal and mobile app. The platform provides detailed, real-time data on all transactions carried out using the corporate card, enabling organisations to track spending by employees, branches, and departments.
The digital solution enhances transparency and corporate governance by reducing the risk of fraudulent claims, inflated invoices, and personal expenses being misrepresented as official business costs.
Vice President and Cluster Head for West Africa at Visa, Andrew Uaboi, said the partnership supports Visa’s goal of expanding digital payment adoption across African businesses.
“Visa is committed to digitising payments and providing businesses with the tools they need to thrive in a digital economy. The Access Bank Visa Corporate Credit Card solution brings seamless, accountable, and data-driven expense management to medium and large organisations, helping them make smarter financial decisions,” he said.
To support adoption, Access Bank and Visa plan to host monthly webinars in the coming months targeted at CFOs and corporate treasurers. The sessions will focus on helping organisations maximise the benefits of the card and adopt best practices for expense control and working capital management.
