It also announced a strategic partnership with Kenya Commercial Bank (KCB) to expand card acceptance and payment services in six key East African markets.
Verve, which is also one of the biggest payment card brands in Nigeria, with more than 30 million payment tokens, is rapidly expanding issuance and acceptance across the African continent and is now issued by over 40 banks in Africa. In 2013, the company signed a partnership agreement with Discover Financial Services (DFS), the owners of Diner's Club, which will give Verve cardholders access to the Discover global network of over 185 countries and territories across the world.
Charles Ifedi, CEO, Verve International, said, "East and West Africa are host to some of the fastest growing economies on the continent. We are also seeing rapidly expanding trade flows between the two regions and with that, increased travel.
"Expansion of Verve acceptance across Africa and around the world is part of the long-term strategic vision for our business. It will also foster closer business partnerships between East and West Africa and improve the ease of doing business on the continent, thereby encouraging even stronger growth."