UBA Bans the Use of ATM for Some Transaction Such as Betting and Many others

UBA Bans the Use of ATM for Some Transaction Such as Betting and Many others

The United Bank of Africa ( UBA ) has placed a restriction on the use of its debit and prepaid cards for purchasing of certain items.

An information which was contained in an email sent to bank’s customers on Thursday evening, the United Bank for Africa revealed that it has placed a restriction on the use of its debit and prepaid cards for purchasing certain items.

Routed through its official email address, cfc@ubagroup.com, the mail was entitled, “We want you to transact safely,” the items under restrictions include jewellery, p*rnography, dating and escort services.

It was learnt that the bank also forbids the use of its cards for all sorts of betting – including buying lottery tickets, casino gaming chips, off-track betting and wagers (bets).

The bank says the overall aim is to enable its customers transact business safely, and to also protects its own business integrity as regard cases of fraud involving its credit/prepaid cards, with the attendant litigation and damage to its reputation.

The email in full reads:-

We wish to inform all cardholders that we have placed restrictions on the Bank’s debit and prepaid cards from carrying out transactions with merchants that are transacting on the following business categories;

-Jewellery
-P*rnography
-Dating and Escort Services
-Betting (including lottery tickets, casino gaming chips, off-track betting and wagers)

This has become necessary with the increased need to protect our customers and the institution from fraud, litigation and reputational damages.

Thank you.

Facebook Comments

About author

Henry Wesley
Henry Wesley 11 posts

Henry Wesley is a tech enthusiast, social media and community manager.

You might also like

Community 0 Comments

Nigerians Are Big Spenders – Gayton McKenzie

South African business man and leading motivational speaker Gayton Mckenzie says Nigerians are among the topmost big spenders in Africa. The streetwise business man became exposed to the potency of

Gospel songsters should stay relevant – James Okon

Top Nigerian gospel artist and pastor based in South Africa hinted recently that gospel artist should seek relevance and not vain glory. Speaking with nigeriansinsouthafrica.co.za recently at Margate, Kwa Zulu

FEMALE PARTICIPATION IN MAINSTREAM NOLLYWOOD ABOUT TO INCREASE!

On the 9th of August, 20 young filmmakers gathered on the 9th floor of the CBC Towers in Lekki. They were brought together by AFRIFF and Ford Foundation to discuss Cinemafabrique. These filmmakers

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply