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.
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Business