BusinessHighlight

UBA Increases International Spend Limit on Naira Cards to $2000.

1.5k

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000.

The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month as against $100 which was obtainable previously.

This, the bank said, has been done in response to the growing demand for higher limits by customers who make international transactions. It is also an indication of the improved confidence in the Nigerian economy as shown by increased foreign exchange in the financial system.

The Executive Director, Operations & Technology, UBA, Mr. Chukwuma Nweke, who announced the review, explained that the move is intended to enable more convenient and seamless transactions when making purchases outside the country.

He said, “This is in recognition of the customers needs and expectations. The new limit has been implemented.”

According to Nweke, with the significant review, customers will now be able to carry out enhanced cross border transactions priced in foreign currency using their debit, credit cards with improved satisfaction.

He explained that customers will now be able to carry out more transactions with ease and at their convenience. “This gives our customers the opportunity to make international payments on POS and Web. In addition, you can make ATM withdrawals subject to the current limit of $100/day.”

Continuing, he said, “This only goes to show that, customers are at the core of our business and our unalloyed commitment to satisfying them with nothing short of unequalled service is not compromised. We remain focused on creating superior and sustainable service delivery, unique to UBA ”

UBA’s customer-centric focus is on continually developing innovative, technological and customer-driven services to boost customer-experience

United Bank for Africa Plc is a leading pan-African financial services group, with presence in 19 African countries, as well as the United Kingdom, the United States of America and France.

Leave a comment

Related Articles

N5bn Intervention Palliative Impacting Lives Of Residents, says Akinmade

The N5 billion Ogun State Intervention Palliative meant to cushion the impact...

Defence Headquarters releases identities of Army commander, three other officers, 13 soldiers murdered in Delta

The Defence Headquarters (DHQ) has revealed the identities of the Nigerian Army...

Gunmen storm palace, abduct, kill traditional ruler in Bauchi

Gunmen suspected to be kidnappers have kidnapped and killed the traditional ruler...

Release data of Nigerian users to EFCC, court orders Binance

A Federal High Court in Abuja has ordered the cryptocurrency trading platform,...

Child, maternal mortality: Rotary International donates $2m to Nigeria

In a bid to tackle the pressing issue of child and maternal...

Nollywood veteran actor Amaechi Muonagor appeals for support amid health challenges

Nollywood icon Ameachi Muonagor has reached out to the public, pleading for...

FG approves N12.7bln for mass metering of army barracks nationwide

The Federal Government says it has released N12.7 billion to provide electricity...

Heirs Holdings tells story of transformational investment in Africa, launches its first-ever TV commercial

Heirs Holdings has launched its first-ever television commercial (TVC), showcasing the company’s...

Internet disruption: FG plans talks with Ghana, others to protect undersea cables

Following the damage to the undersea cables last week, the federal government...

Sports Minister advocates Nigeria’s hosting of the Commonwealth Games in 2030

Nigeria’s Minister of Sports Development, Sen. John Enoh, has called for the...

The States And The Blackout Nation

Many Nigerians believe that restructuring the country or devolving powers from the...

NDLEA Nab Hairstylist, Dispatch Rider For Allegedly Selling Drug-Laced Chin-Chin To Students, At Parties

The National Drug Law Enforcement Agency (NDLEA) has detained a 20-year-old hair...

Delta military killings: ‘Cowardly’ perpetrators won’t go unpunished, says Tinubu

President Bola Tinubu has condemned the killings of some Army officers and...

Editor of FirstNews, online platform, abducted from Lagos home by gunmen in military uniforms

Segun Olatunji, the Editor of FirstNews and the former Chief of the...

Ogun Govt. begins distribution of food items

In order to cushion the effect of the current economic hardship in...

How K1 maltreated, seized my international passports—former drummer Kunle Ayanlowo

Former drummer Kunle Ayanlowo has come forward with troubling allegations of maltreatment...

Senate disowns report on exposing fraud in refineries’ rehabilitation

The Senate has dismissed media reports credited to it that it will...

Champions League Q/F: Arsenal face tough test against Bayern Munich, Manchester City play Real Madrid

The 2023–2024 UEFA Champions League quarter-finals draw has just been concluded at...

Ex-Rep. Oyebamiji bags 16-month prison sentence

A former member of the House of Representatives, Folaranmi Oyebamiji, was sentenced...