Two Nigerian commercial banks—United Bank for Africa (UBA) and Wema Bank—have announced the resumption of international transactions on their naira debit cards.
In separate statements issued to their customers, both banks confirmed that their naira cards can now be used for payments on international platforms, including for online purchases, point of sale (POS), and Automated Teller Machine (ATM) transactions.
UBA, in its announcement, noted that the development aligns with its commitment to improving the banking experience of its customers.
“In line with our continued commitment to providing you with seamless and enhanced banking experiences, we are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions,” the bank stated.
“This means you can now use your Premium Naira Card for everyday payments, online shopping, POS, and ATM transactions across the world, with more ease and flexibility. If you haven’t used your card recently, now’s a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”
Similarly, Wema Bank, in a recent communication, disclosed that its Naira Mastercard has been reactivated for dollar transactions across international platforms.
“Your Wema Naira Mastercard just went global! Now you can pay in dollars on all your favourite international platforms: Amazon, eBay, AliExpress. Netflix, Spotify, YouTube,” the bank said.
It will be recalled that between July 2022 and January 2023, several banks suspended international transactions on naira cards, especially across ATMs and POS channels, owing to the severe foreign exchange crisis that gripped the country.
With this policy reversal, UBA and Wema Bank are now among the first set of banks to restore cross-border services on naira-denominated cards.
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