United Bank for Africa (UBA) Plc, has recorded an industry landmark in the Nigerian e-banking space with the issuance of over three million Near Field Communication (NFC) technology enabled contactless cards to the customers.
According to Vanguard, 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.
It stated that 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.
Referring to this development, UBA’s Group Head, Cards, Dr. Yinka Adedeji, stated: “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”.
“These cards, which work anywhere in world, have over the years, made it easy for customers to have access to basic banking transactions quickly, safely, and conveniently without having to visit bank branches, via ATMs, POS and on the internet.”
UBA’s Group Managing Director, Kennedy Uzoka, said the bank remains a leader in the e-banking innovation space, adding that UBA cards are protected with the best in class security tools.