Luanda — The Banco de Fomento Angola (BFA) and the American Express signed an agreement early this week to enable the use of the American Express cards at the BFA's Automatic Payment Terminals.
Once the partnership is concluded, the BFA will become the first Angolan bank to accept American Express cards at its Automatic Payment Terminals.
"From now on, BFA enables its corporate customers to join the service of accepting American Express card payments at its TPA network, contributing to the potential development of its businesses," reads the note published by the daily newspaper Jornal de Angola.
The partnership, adds the note, allows American Express card users to use their cards in the TPA of the BFA network and, in this way, encourages the capture of transactions in the establishments of BFA merchants.
In line with that the BFA recommends institutions to include American Express cards in the means of payment of various items, food products, financial transactions, among other actions.
"Any company with TPA-BFA, or wishing to install one, may include American Express cards in its range of payment methods, the bank said.
Vivi Galani, Deputy Chairperson & General Manager, Global Network Partnerships EMEA for American Express said the new partnership represents an excellent opportunity for merchants in Angola and reinforces American Express's leadership position as a global network.