United Bank for Africa (UBA) in collaboration with MasterCard has rolled out its latest debit card in Uganda to promote cashless payments.
Dubbed UBA Debit MasterCard, the new chip and pin debit card that focuses on displacing cash will provide a quick, convenient and secure payment alternative for all citizens instantly.
The launch of the new debit card also supports UBA’s Strategic Plan, which outlines initiatives that will help improve financial inclusion in Uganda while meeting the payment needs of people across Africa.
Using the new debit card, the cardholder can access funds directly from a savings or current account, thereby reflecting all transactions in real time.
UBA group head of digital banking Yinka Adedeji said: “As a group, we are committed to driving financial inclusion and empowering businesses across Africa, and our partnership with MasterCard enables us to deploy safe electronic solutions to the benefit of the entire country.”
The card will be issued instantly at all the UBA branches across Uganda after submitting an application for the same. Plans are under consideration to make the debit card available electronically through the UBA website.
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UBA Uganda managing director/CEO Johnson Agoreyo said: “The introduction of the UBA Debit MasterCard into the market will enable our customers to carry out their banking transactions in a safer, more convenient and more reliable manner.
“Our customers’ needs are changing and as they change, we will continue to adopt smart technology solutions that deliver superior services.”