Pan-African banking group, the United Bank for Africa (UBA) Plc is set to dominate the electronic card segment of Nigeria's financial industry as it introduced the World MasterCard which is the most exclusive card in the MasterCard staple, for banking convenience of its customers across the globe.
With the UBA MasterCard customers of the bank can now carry out their electronic financial transactions, through the Automated Teller Machines (ATMs), Point of Sales (PoS) and on the Internet, anywhere in the world, in a seamless manner even as they benefit from the bank's range of cost saving e-banking products and services.
Commenting on the benefits of the new MasterCard, Head Cards, UBA Plc, Adedeji Olowe said MasterCard is partnering with UBA to accept and issue payment cards across 19 African countries.
According to him, "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 ."
One 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.
He added that the card programme, which is available by invitation only, can be tied to any of Naira, US Dollar, Pounds Sterling and Euro domiciliary accounts.