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Business News of Tuesday, 26 September 2017

Source: thebftonine.com

Zenith Bank launches Corporate Mastercard

Zenith Bank Ghana has introduced a creative card product called the “Zenith Bank Corporate Mastercard” (Prepaid & Debit) for business transactions.

According to the Bank, the corporate cards (Mastercard Prepaid and Debit) have been specially designed, to cater for the specific needs of SMEs to large corporate clients to provide flexibility, convenience and reliability at the same time providing a secure means for making payments.

Another feature includes embossment of the cards with either the card holder’s name and /or business name. The cards are accepted locally and globally on ATMs as well as merchant locations.

The Managing Director/CEO of Zenith Bank Ghana, Mr. Henry Oroh who disclosed this during the company’s 12th anniversary health walk in Accra said, with the 2017 theme of the Bank being “Aspire”, the introduction of the new corporate card will allow customers to engage in any transaction with ease, as the card could be used for travels, hotel bookings, car rentals, payment of salaries, per diem, payment of taxes, custom duties, procurement and fleet management among others.

“The corporate cards are instantly loadable via our internet Banking platform or at any Zenith Bank branch. They are Chip & PIN enabled and have Mastercard Secure Code for additional security. The corporate client also has a real-time online platform for audit, budgeting and reconciliation purposes. This makes tracking and control of expenditure very easy. There is also a 24/7 Contact Centre to provide additional support even after working hours.”

The “Zenith Bank Corporate Mastercard” (Prepaid & Debit) card, currently adds up to the payment systems in Ghana which is referred to as the entire matrix of institutional infrastructure arrangements and processes in a country, set up to enable economic agents (individuals, businesses, organisations and Government) initiate and transfer monetary claims in the form of commercial and Central Bank liabilities.

Data from the Bank of Ghana shows that, Ghana’s payment system has improved significantly since 1997 when the MICR cheques were introduced, and continues to evolve to meet the developmental needs of the country.

Ghana’s payment systems development trend is being driven by economic, financial, public policy factors as well as a growing local ICT industry and global trends in payment systems.

Mr. Oroh, who addressed the participants after the walk said, the Bank places premium on the health of both staff and customers.

Zenith Bank Ghana continues to champion the need for Ghanaians and its staff to exercise and encourages healthy living amongst workers and customers alike.

The walk started at the Accra Sports Stadium, went through some major streets of Accra and then back to the start-off point, where participants were taken through some aerobics by a fitness instructor.

The 12th anniversary health walk, brought together staff from all branches in the Greater Accra Region and Tema, as well as customers of the Bank.

“At the beginning of this year, we chose the theme ASPIRE, which serves as a constant reminder and a call to action that, “When you aspire to perspire, the universe will conspire in your favour. We will therefore continue to aspire to provide you our cherished customers, with proactive Banking solutions to meet your ever-changing needs. We will reinvent ourselves and our processes to serve you better. We will encourage you our cherished customers to aspire to dominate in your respective areas of business,” the Managing Director/CEO of Zenith Bank Ghana, Mr. Henry Oroh stated.

Mr. Oroh, further told the gathering that, Zenith Bank acknowledges Ghana and the Government’s aspiration to build the most business-friendly economy in Africa to create jobs and prosperity for all Ghanaians, and pledges to support customers and the Government of Ghana to achieve all its aspirations.

He added that, “after all is said and done, Zenith Bank Ghana aspires to be the market leader and to redefine the Banking landscape in Ghana.”