Three leading Nigerian commercial banks, United Bank for Africa (UBA) and Wema Bank, GT Bank have announced the resumption of international transactions on their naira cards. This development marks a significant shift in the banking sector, nearly three years after many financial institutions suspended such services due to foreign exchange constraints.
In separate communications to their customers, both banks confirmed that naira cards can now be used for a wide range of international payments, including online shopping, Point of Sale (POS) transactions, and ATM withdrawals abroad.
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UBA, in a statement, said the reactivation of international transactions is part of its commitment to enhancing customer experience and providing greater convenience.
“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.
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The bank added that cardholders can now use their naira cards globally for everyday payments with ease and flexibility, urging customers to rediscover the benefits of their premium cards.
Similarly, Wema Bank informed its customers of the expansion of its naira Mastercard’s functionality.
“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 notice read.
The move is expected to provide more convenience for Nigerian customers who engage in cross-border transactions, especially for online shopping and subscription services.
