UBA introduces Afrigo Card for domestic payments

United Bank for Africa (UBA)

UBA introduces Afrigo Card for domestic payments

United Bank for Africa (UBA) Plc has launched the Afrigo Card, a revolutionary domestic card scheme aimed at transforming Nigeria’s payments landscape. Afrigo Card, introduced by the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), offers an alternative to international card schemes, empowering customers with seamless, naira-denominated transactions tailored to the local market.

A statement by the bank says: “It has been designed to offer a secure, affordable and accessible alternative for everyday transactions in line with the apex bank’s ongoing efforts to drive financial inclusion and enhance the digital economy.

“The Afrigo Card boasts impressive features, including chip-and-PIN security, seamless payments at ATMs and POS terminals nationwide, 24/7 access to funds, and rewarding benefits for cardholders.”

UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, pointed out the card’s versatility and other features of the card and maintained that with the launch of Afrigo, the bank would continue to demonstrate its leadership in fostering financial innovation, inclusion and accessibility for all Nigerians.

“With Afrigo, we are offering a card that speaks directly to the needs of Nigerians – from market women and students to small business owners and low-income earners.”

The card’s affordability, coupled with its advanced security and potential for biometric authentication and offline transactions, positions it as a vital tool in promoting cashless transactions across Nigeria,” he stated.