UBA Introduces MasterCard for Domiciliary Accounts

United Bank for Africa (UBA) Plc has added MasterCard for domiciliary accounts to its bouquet of electronic products.

UBA said in a statement that the move is a demonstration of its support for the Central Bank of Nigeria’s cashless initiative and to ease the transaction needs of its customers who can now upgrade their Debit MasterCard for use on accounts denominated in currencies.  

The statement read: “When a transaction is carried out with the USD, GBP or Euro MasterCard, the customer’s account is debited in dollars, pounds or euro depending on the currency of the domiciliary account. The Debit MasterCard product is unique as it offers the customer the opportunity to spend from his or her domiciliary account.”

In another development, UBA in conjunction with MoneyGram, gave various prizes to its customers who emerged winners in the UBA-MoneyGram Fly High promo.

myfinancialintelligence.com