The United Bank for Africa (UBA) Plc said it has introduced the UBA MasterCard for banking convenience of its customers across the globe.
A statement from the bank explained that the UBA MasterCard would enable its customers carry out electronic financial transactions, through the Automated Teller Machines (ATMs), Point of Sales (PoS) and on the Internet anywhere in the world.
UBA advised its customers to take advantage of its e-banking products.
Head Cards, UBA Plc, Mr. Adedeji Olowe, said the partnership with MasterCard will enable its customers accept and issue payment cards across 19 African countries.
He said: “UBA is offering customers world-class products to roam their money in naira and three other currencies - dollar, pounds and euro. UBA represents the biggest potential for MasterCard in Nigeria today and across Africa .”
Part of the benefits to cardholders, according to Olowe, is that the usage of UBA MasterCard in other currencies will have no annual spend limit adding that UBA has concluded plans to provide full bouquet of payment cards across debit, prepaid and corporate cards. These Cards, he maintained, will also come in premium levels such as Gold, Platinum and World.
Division President, sub-Saharan Africa, MasterCard Worldwide, Daniel Monehin, said: “MasterCard is delighted to partner one of the leading banks on the continent on the deployment of MasterCard to 19 countries on the continent.
“Our partnership with UBA had come a long way, and the financial institution has an entrenched card based products and channels, millions of customers on the continent would benefit from.”