UBA Bank
Popular
Nigerian financial institution, the UBA, has placed a restriction on
the use of its debit and prepaid cards for purchasing of certain items.
An information which was contained in an email sent to bank’s
customers on Thursday evening, the United Bank for Africa revealed that
it has placed a restriction on the use of its debit and prepaid cards
for purchasing certain items.
Routed through its official email address, cfc@ubagroup.com, the mail was entitled, “We want you to transact safely,” the items under restrictions include jewellery, p*rnography, dating and escort services.
It 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 bank says the overall 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 in full 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;
-Jewellery
-P*rnography
-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.
Thank you.
0 comments:
Post a Comment