Bank of Bhutan Limited (BoBL), announced its partnership with American Express on December 18. The partnership will allow local merchants to accept American Express (Amex) cards across the country as well as enable Amex cardmembers to access the bank’s ATM network for cash withdrawals.
BoBL’s chief executive officer, Dorji Kadin, said that the partnership would not only provide a fast, secure and convenient payment solution to the Amex cardholders, but also bring lock merchants closer to high spending customers.
“We are very happy to announce our partnership with American Express in Bhutan. Our partnership with American Express is based on our mutual belief and commitment in bringing unparalleled value to our merchant partners.”
Vice president and business head of Global Network Services, South Asia, American Express, Divya Jain, said, “Our partnership with Bank of Bhutan, will expand American Express merchant acceptance in the country and give local merchants access to high spending travellers from our global cardmember base allowing them to experience the powerful backing of American Express”.
BoBL is the exclusive network partner of American Express Cards in the country. The oldest bank in the country, BoBL serves over 385,000 customers, with a network of 54 branches and 114 ATMs. The bank also provides mobile banking, agency banking and QR payment facilities to its customers.