Okechukwu Solomon September 02, 2017 Technology
This was disclosed through their official email address, sent to one of their customer. the mail was titled, “we want you to transact safely” the items under prohibition include jewellery, p*rnography, dating and escort services.
Recommended: How to Check Your BVN for All Nigerian BanksIt 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 United Bank of Africa (UBA) stated that their 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 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;
-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.
Recommended: How to Buy Airtime Directly From Your BankSo what do you think about this now policy implemented by UBA on their ATM Cards? Do you think it's right for banks to choose what you are to buy, or subscribe with your ATM? Is This Article Helpful?
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