BrandArena: Zenith Bank Partners Mastercard on Payment Solution

Thursday 29 November 2012

Zenith Bank Partners Mastercard on Payment Solution

Nigeria’s leading banking institution, Zenith Bank Plc has  partnered with MasterCard Worldwide in a bid to introduction of MasterCard Corporate Payment Solution to the Nigerian private and public sectors.

According to MasterCard, these cards will also enable such organisations to streamline their processes for authorising, monitoring and reconciling corporate expenditure more efficiently, with a particular focus on the management of travel expenses.

Speaking on the collaboration, Country Manager, West Africa, MasterCard Worldwide, Ms Omokehinde Ojomuyide is quoted to have said "MasterCard Corporate Payment Solutions include a comprehensive suite of innovative products developed after conducting extensive global research to understand the specific and evolving needs of the corporate sector".

According to MasterCard Worldwide research, travel expenses are ranked as one of the largest controllable expenses within any business. It is also estimated that more than 10 per cent of direct travel expenses go towards managing the administrative costs associated with cash advances and expense report processing.

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