United Bank for Africa (UBA) has announced the resumption of international transactions on its naira cards.
According to a recent notice to customers, UBA’s Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions.
Persecondnews reports that this development allows customers to use their cards for everyday payments, online shopping, POS, and ATM transactions across the world with more ease and flexibility.
“We are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants are now enabled for international transactions,” the bank said.
UBA noted its commitment to providing clients with seamless and enhanced banking experiences, encouraging customers to rediscover the convenience and prestige that comes with being a UBA premium cardholder.
The resumption of international transactions on UBA’s naira cards comes about three years after many banks suspended the service due to chronic foreign exchange scarcity.
According to financial experts, the improved liquidity in the foreign exchange market and moderating premium on the parallel market transactions have supported banks’ decision to reactivate their naira cards for global transactions.
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