American Express cards can now be used in BCI POS and ATM – Mozambique

Login

Register

http://www.clubofmozambique.com/

American Express cards can now be used in BCI POS and ATM – Mozambique

12:58 CAT | 30 Mar 2017

Alamy (stock)

American Express credit cards can now be used in Mozambique at BCI point-of-sale equipment and ATMs, but the bank and the company issuing the credit cards only formalized the agreement yesterday.

The agreement will make life easier for visitors to the country, BCI Executive Committee president Paulo Sousa says.

“Anybody visiting Mozambique, for work or leisure, can use American Express cards at all our terminals and pay for services or purchases, or use them at ATMs, which before now was not possible,” he explained.

Sousa also said that the move would help the country to attract more foreign currency and improve the balance of payments, because of the foreigners who visit Mozambique and make their purchases.

“All the companies that visit us, whether for investment – many companies related to oil and natural gas will surely be users of American Express cards and will from now on make normal use of their cards as they have in other countries of the region like South Africa, where American Express cards have been accepted for many years. This was not the case in Mozambique, but now it is,” Sousa says.

Sousa explained that the bank’s plan was to allow the approximately 9,600 merchants who have BCI’s electronic POS (point of sale) payment system to add American Express in the near future.

Under the agreement initialed yesterday, BCI is responsible for managing the relationships with merchants as well as expanding the American Express network in the country. Since 1997, American Express has been partnering with banks and financial institutions around the world, issuing American-branded American Express products and accepting payment on its network.

On Tuesday, the agreement between the parties was signed by Paulo Sousa, chairman of the Executive Committee of Banco Comercial e Investimentos (BCI) and American Express vice president for the development of banking partnerships for Europe, Middle East and Africa, Catherine Malec.

Source: O País