United Bank for Africa (UBA) Plc has added added to its
varieties of customer services as it introduces
contactless payment cards.

The contactless payment cards which according to the
financial institution is aimed at changing the payments
landscape in Nigeria, offers its customers an easier and
more convenient hassle-free way to pay for goods and
services.

It is the latest innovation from the digital banking
division of pan-African financial services UBA, which has built its competitive edge around offering the very latest in convenient banking options to its customers.

UBA contactless cardholders will experience the next
level of convenient payment services; a touch and pay
contactless payment card;

the most innovative and convenient way for customers
to pay for goods
and services.

Contactless payments are fast, easy and secure. It is a
payment card with the added advantage of NFC technology.

“With our contactless cards, you can make payments for
everyday essentials and other things that money can buy the contactless way”
says Dr. Yinka Adedeji, Divisional Head, Digital Banking.

The new UBA contactless payment cards works with
Near Field Communication (NFC) enabled POS and ATM terminals by simply touching the card against the reader without slotting it into the terminal.

Customers can also use the cards to pay on regular
POS terminals.
“UBA contactless payment cards can be used across all
the channels
where you use your regular card – ATM, POS and Web”
explains Dr. Adedeji.

He also explains that all UBA contactless cards use the
Combined Data Authentication EMV Chip “which is currently the highest standard for chip technology used in payment cards to ensure that UBA contactless cards are absolutely safe.”

“Ideally, for low value transactions, contactless payment
card holders are not required to input their PIN but the Central Bank of Nigeria (CBN) currently mandates that all transactions on the POS require PIN entry,” says Mr Adedeji.

“So, for now, customers will still be required to input
their PIN even for low value transactions. However, contactless payment cards still offer a superior level of convenience compared to the traditional payment cards” he explained.

The cards are currently being issued at all UBA business
offices across the country and can be obtained instantly.

UBA is one of the largest and most innovative card issuers on the African continent. The
bank has won several awards and recognitions for
offering innovative and convenient payment options to its customers.

A highly diversified financial services provider, UBA
remains one of the largest financial institutions in Africa, with business offices in New York and Paris and a subsidiary in London.

UBA Plc controls significant market share in 19 different
African countries.

The Group has a strong retail franchise
across the African continent offering its more than seven million customers a bouquet of products and services tailored to meet their different financial need
backed by a cutting edge e-banking platform that
enables secured and convenient real-time online banking.

Source: http://nigeriapoliticsonline.com/uba-introduces-contactless-payment-cards/

Superb innovation

isokay

izikjon:
Superb innovation

it could be just a partnership, not really their innovation

dhtglobal:

it could be just a partnership, not really their innovation

I hail you.

Atleast something good frm dem

there is no senae in it. It has been existing.