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UBA promotes e-payment with contactless cards

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United Bank for Africa Plc says it has introduced contactless payment cards to boost electronic payment transactions across the country and beyond.

According to a statement by the lender, the contactless payment cards offer its customers a more convenient way of paying for goods and services.
“With our contactless cards, you can make payments for everyday essentials and other things that money can buy the contactless way” the Divisional Head, Digital Banking, UBA, Dr. Yinka Adedeji, said.
He said the contactless payment cards works with Near Field Communication-enabled Point of Sales and Automated Teller Machine 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,” Adedeji added.

He explained that “Ideally, for low value transactions, contactless payment card holders are not required to input their PIN but the Central Bank of Nigeria 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.”
According to him, the cards are currently issued at all UBA business offices across the country and can be obtained instantly.
Punch

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