Nigerian leading commercial bank, United Bank for Africa, UBA, has said that its customers can no longer buy jewellery, bet or have access to pornography sites with the bank’s ATM card.
In a statement it entitled “We want you to transact safely,” and sent to customers, the bank said its debit and prepaid cards are now restricted from performing such transactions.
UBA said, “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, Jewellry,Pornography,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.”
Comments