Skye Bank, Mall for Africa Partner On Ecommerce Payments

Wytheville, VA (PressExposure) October 27, 2011 -- Skye Bank PLC and Mall for Africa Limited, an online store with over 100,000 items for Nigerians to choose from, have entered into a partnership that will make online purchases and payments easy and convenient for Nigerians for goods purchased in the United States and Europe.

Under the agreement, both institutions have co-branded a Visa card known as Mall for Africa Skye Visa card which online buyers can use on all channels such as Automated Teller Cards (ATMs) internet and POS terminals that accept Visa cards.

The Visa card which is powered by Skye Bank, allows cardholders to buy online from the United States through the website Mall for, the largest online ecommerce site in Africa, which is specially designed to bridge the gap between Africa and the USA.

Speaking at a press briefing on Wednesday in Lagos, The Chief Executive Officer of Mall for Africa Limited, Mr. Rotimi Afolayan, said the online ecommerce site was developed to enable Nigerians purchase items like cars, machinery, books, electronics, and others without difficulty.

Afolayan said purchases could be made from known brands on websites like,,,,, among others. Besides, he said purchases could also be made on over 35 other websites in the United States and delivered to the door step of the buyer or at the company's pick up centres in Lagos, Port Harcourt and Abuja.

In addition to the card, he said the company had also developed the Mall for Africa web card for facilitating payment for the online purchases made by clients. He said prior to this innovation, it was impossible for Nigerians to make online purchases as site blockade, inability of online sellers to deliver and high risk of fraud were cited as reasons.

Also speaking at the occasion, Skye Bank's General Manager, Information Technology and International Subsidiaries, Mr. Segun Akintemi, said the bank partnered with the company to encourage Nigerians, individuals and companies wishing to conduct legitimate online business to do so.

Akintemi described the Mall for Africa Skye Visa card as highly secured chip and pin card with many security layers which is acceptable locally and internationally at over 30 million merchant point of sales terminals and one million ATM locations.

He explained that buyers could fund their card through direct cash deposit at any Skye Bank branch, of through transfers from existing domiciliary accounts into Visa prepaid accounts any of the bank's branches.

About Skye Bank Nigeria PLC.

Skye Bank PLC has evolved into one of the top financial institutions in Nigeria, after its very seamless consolidation exercise in 2006.

It operates as a group that provides facets of financial products and services powered by a purpose built technological framework that supports the service delivery process to customers.

With a cumulative wealth of experience that spans over 50 years, Skye Bank is historically one of the oldest banks in Nigeria and West Africa. We are quoted on the Nigerian Stock Exchange with over 450,000 diverse shareholders with a shareholding structure that puts no more than 5% in the control of any one individual or company.

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Press Release Submitted On: October 27, 2011 at 4:32 am
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