American Express, Equity Bank ink exclusive merchant deal

American Express and Equity Bank have extended their current partnership, making Equity Bank Kenya the exclusive merchant acquirer in Kenya for American Express.

Under the partnership agreement with American Express, Equity Bank will serve as the exclusive merchant acquirer of American Express transactions in Kenya, allowing American Express Card Members to make payments at any Equity Bank Point of Sale Terminal across the country. Equity Bank will be responsible for managing all aspects of the merchant relationship, including acquisition, statements and marketing activities. The transactions will be processed through Equity Bank’s robust Card Management Systems.

American Express Limited first reached an agreement with Equity Bank back in 2013 to enable Equity to issue Cards and acquire merchants in Kenya. Equity Bank Kenya issues the Equity Bank American Express® Green Card and the Equity Bank American Express® Gold Card– both of which carry rich rewards and can be used everywhere American Express is accepted globally.

“We are very pleased to extend our partnership with Equity Bank in Kenya, making them our exclusive acquirer in the country and reflecting our strategy of building relationships with the leading banks around the world,” said Catherine Malec, Vice President of Business Development, Sub-Saharan Africa. “Our partnership with Equity Bank will continue to allow us to expand the scope and reach of the American Express merchant network and brand, as well as increase our presence in a key country in the region.”

Equity Bank’s Group Managing Director and CEO Dr James Mwangi said: “Equity Bank is delighted to continue our relationship with American Express as an exclusive partner in Kenya. We are confident that our partnership will continue to bring a high quality, premium level of service to our merchants.”

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“The growth of the American Express merchant network in Kenya will also help to ensure American Express Card members feel as comfortable using their Cards in Kenya as anywhere else in the world. ”