Access Bank, a leading full-service commercial bank, has announced a strategic partnership with Visa, the world leader in digital payments, to introduce a new Corporate Credit Card solution tailored specifically for medium to large enterprises in Nigeria.
The new offering is designed to address long-standing challenges around working capital management, expense visibility, and operational efficiency for Nigerian corporates operating in an increasingly complex digital economy.
At its core, the collaboration aims to transform how businesses manage day-to-day financial operations by providing a dual-purpose tool that supports both liquidity optimisation and expense digitisation. As Nigerian companies continue to scale, the need for smarter cash-flow management and tighter expense controls has become more critical, particularly in environments where manual processes and cash-based transactions still dominate.
The Access Bank Visa Corporate Credit Card delivers a robust working capital solution, offering an interest-free period of up to 45 days. This feature gives Chief Financial Officers (CFOs) and Corporate Treasurers greater flexibility in managing cash flow, allowing businesses to settle supplier payments early while still maintaining a healthy Days Payables Outstanding (DPO) cycle. By easing short-term liquidity pressure, organisations can reallocate capital toward growth initiatives, operational expansion, and strategic investments without disrupting existing payment commitments.
Beyond working capital benefits, the solution addresses the growing demand for digitised and transparent expense management. The corporate card enables businesses to track operational expenses (OPEX) in real time, covering categories such as employee travel and entertainment, fuel and diesel purchases, office equipment, and other organisational procurement needs. By issuing cards to specific employees, teams, or departments, companies can significantly reduce their reliance on cash and manual reimbursement processes, which are often time-consuming and prone to error.
“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,” said Florence Owuor, Head of Cards Business at Access Bank. “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.”
A key differentiator of the partnership is the integration of Visa Spend Clarity, available through a dedicated web portal and mobile application. This platform provides organisations with granular transaction-level data and actionable insights across the business. Every transaction made using the corporate card is automatically recorded, enabling finance teams to track spending by individual employees, branches, cost centres, or departments. This level of visibility empowers decision-makers to identify spending patterns, control budgets more effectively, and improve overall financial discipline.
The introduction of Spend Clarity also strengthens corporate governance. By digitising expense tracking and centralising reporting, the solution reduces the risk of fraudulent claims, invoice inflation, and personal expenses being misclassified as business costs. Automated reporting and real-time oversight help ensure compliance with internal policies while minimising the administrative burden on finance teams.
“Visa is committed to digitising payments and providing businesses with the tools they need to thrive in a digital economy,” said Andrew Uaboi, Vice President and Cluster Head for West Africa at Visa. “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.”
To support adoption and ensure businesses maximise the value of the new solution, Access Bank and Visa will host a series of monthly webinars in the coming months. These sessions will be aimed at CFOs and Corporate Treasurers, offering deeper insight into the card’s capabilities, best practices for expense control, and practical strategies for optimising working capital in today’s dynamic operating environment.
