Guinea Bissau: Banco da África Ocidental launches first Visa card service

24 February 2009

Bissau, Guinea Bissau, 24 Feb – Banco da África Ocidental (BAO) launched the first Visa card service in Guinea Bissau Monday, said one of the bank’s marketing officials in Bissau.

Tânia Ribeiro told Portuguese news agency Lusa that since Monday BOA’s main branch in Bissau has an Automated Payment Terminal (APT) where Visa card holders can perform any banking operations, such as balance enquiries and remote payments.

At the moment it will not be possible to withdraw cash at the cash machine, but according to Tânia Ribeiro, the service will be available “very soon.”

As soon as BOA resolves the “technical details” it will install the APT in all its agencies throughout the country and in the large hotels, thus permitting use of the card in Guinea Bissau “without any problems,” said Tânia Pereira.

BOA, the first bank to introduce debit cards in Guinea Bissau, has national network cards and those from Gim Uemoa which covers the nine African countries of the West African Monetary and Economic Union.

Founded in 2000, BAO was controlled by Montepio Geral until the end of 2007, but is now owned mainly by Stanley Ho’s Geocapital Group. (macauhub)