Ecobank opens Naira Mastercard for international transactions, increases daily limits

Ecobank Nigeria has announced the availability of its Naira denominated MasterCard for international transactions as well as increased daily limits for customers on their cards.

With the upwards review daily spending limits currently applicable for customers using its Naira MasterCard for international payments on Point of Sale (PoS) and online channels increased from $100 to $1,000 for its platinum card customers.

It also set $750 and $300 limits for its gold and standard card holders while it enabled $100 daily automated teller machine (ATM) cash withdrawals on all the cards
Head, Consumer Banking, Tunde Kuponiyi said the bank was conscious of the needs of its customers this season and has, therefore, made provisions for the expected high demand.

His words: “This move is to make it easier and encourage the bank’s customers to shop and spend abroad with their Ecobank Naira denominated cards this summer.“The debit card now allows access to their Naira account from any part of the world, enabling them to make cash withdrawals and carry out web purchases abroad”. 

He added that further to the bank’s earlier communication informing its customers of the suspension of international transactions on Naira debit cards, Ecobank was pleased to inform its customers that they could now use their Naira denominated MasterCard for international transactions.

“The debit card now allows you access to your Naira account from any part of the world. With it, you can now make cash withdrawals and make POS / Web purchases abroad, subject to the limits,” he added.

He explained that customers could get an instant card within two minutes in any Ecobank branch and that the card is automatically enabled for value added services and online transactions locally and internationally.

Kuponiyi explained that customers could also use their foreign currency denominated MasterCard debit cards for Dollars, Pound Sterling the Euro to enjoy spending directly from their domiciliary accounts.