Lagos, Nigeria; 19-7-2017; 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.