UBA’s ‘contactless’ cards to revolutionise payments system
The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services.
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.
The Divisional Head, Digital Banking, UBA, Dr. Yinka Adedeji, said: “With our contactless cards, you can make payments for everyday essentials and other things that money can buy the contactless way.”
The new payment card works with Near Field Communication-enabled Point of Sale and Automated Teller Machines terminals by simply touching the card against the reader without slotting it into the terminal.
“UBA contactless payment cards can be used across all the channels where you use your regular card – ATM, POS and Web,” Adedeji said.
He explained 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.
“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, one of the largest and innovative card issuers on the continent, has won several awards and recognitions for offering innovative and convenient payment options to its customers.