Victor Ezeja
United Bank for Africa (UBA) Plc, has partnered with Mastercard to launch a debit card in commemoration of the bank’s 75th anniversary.
According to a statement released Wednesday, the Bank said the partnership aims to honour UBA’s long-standing customer relationships and enhance their banking experience with a range of offers and discounts across multiple platforms.
Join our WhatsApp ChannelUBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, who spoke at the unveiling, highlighted benefits of using the card by customers.
According to the GMD, the benefits include limited 25% off purchases on Jumia and $75 cashback on transactions made through AliExpress.
Alawuba added that this initiative symbolises the shared vision between UBA and Mastercard towards empowering Africans by enhancing customer experience through secure and convenient transactions.
He said: “This new card represents the deepening of our relationship and our shared mission to empower millions of Nigerians and Africans, by providing them with access to secure transactions and new opportunities across the continent.”
The GMD also revealed that the bank plans to unveil similar products across all its subsidiaries. “We are proud of this collaboration, and we are confident that Mastercard’s role in Africa will only grow stronger in the coming years,” Alawuba added.
On his part, Mark Elliott, Division President for Africa, Mastercard, highlighted the significance of the project in supporting Africa’s digital economy.
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Elliott hailed UBA for the collaboration saying, “We are excited to collaborate with UBA to celebrate this milestone and bring more value to customers across Africa. This commemorative card is more than just a product; it reflects our commitment to advancing financial inclusion and supporting Africans in accessing secure, convenient and impactful financial solutions.”
He highlighted the immense opportunities within the African payment ecosystem and shared that Mastercard is eager to explore new opportunities with UBA. “Together with UBA, we are focused on delivering innovation that meet the evolving needs of the region, empowering individuals, and promoting digital growth across the continent,” he stated.
The unveiling of the commemorative debit card represents a significant step in UBA and Mastercard’s shared journey towards financial empowerment and innovation across Africa.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
