United Bank for Africa (UBA) Plc says it has
issued over three million Near Field
Communication technology-enabled contactless
cards to its teeming customers.
The Bank, in a statement on Monday, said,
“UBA has revolutionised the payments
landscape in Nigeria in 2015, with the
introduction of contactless payment cards
which enable customers pay with ease by
leveraging the NFC technology.”
The NFC technology allows wireless
communication between devices that are a few
centimetres apart.
The NFC payment Card uses microchips/
antenna to transmit data via shortwave radio
frequencies.
Usually, when one NFC-enabled device is close
enough to another NFC device, a connection
can be established and data shared between
them. The card communicates data to the
reader to initiate and complete the transaction
using the NFC technology.
“In addition to the contactless cards, the bank
has issued well over 10 million debit and
prepaid cards, serving both customers and non-
bank customers in its countries of operation,” it
added.
Dr Yinka Adedeji, UBA’s Group Head, Cards,
was quoted as saying, “We are delighted to
reaching this milestone.
“Our customers have found out that with our
contactless cards, they make payments for
everyday essentials and other things that
money can buy the contactless way, and these
cards can be used across all the channels
where you use your regular card; ATM, PoS and
Web”.
UBA’s Group Managing Director, Kennedy
Uzoka, said the bank remained a leader in the
e-banking innovation space, adding that UBA
cards were protected with the best in class
security tools.
He said, “We have driven other initiatives such
as the acceptance of international cards on our
PoS terminals and that UBA PoS are now NFC
enabled.”
“With a customer base in excess of seven
million, UBA has invested heavily in building a
robust and secure digital banking platform that
supports its operations globally through
strategic partnerships with various local and
international organisations."

source: journaling.com

https://journalng.com/2018/02/20/uba-contactless-nfc-enabled-cards-hit-3-million/