Nedbank brings American Express Card Payments to Zimbabwe

Nedbank is, as of yesterday, the first bank in Zimbabwe that can accept American Express (AMEX) card payments.

Before we get too deep into this it must be said that Nedbank is not going to be issuing American Express Cards in Zimbabwe. They are only going to be acquiring payments from foreign-issued AMEX cards.

The motivations for this are pretty clear and we have to commend the team at Nedbank for being absolutely forthright with their intentions for this partnership.

In most of these press events, there is a lot of smoke and mirrors but Nedbank went straight to the point and said that this is more for the tourist market than for locals. To understand what this really means let's dive into what American Express is and why it's such a key player in international payments.