UBA BANS USING ITS ATM CARDS FOR BETTING, PORN SUBSCRIPTION
UBA Nigerian bank bans using its ATM cards for betting, porn subscription, more
The bank has put this measure in place to reduce incidence of fraud, legal and reputational damages.
The United Bank of Africa, UBA, has issued a ban on the use of its ATM cards for subscribing to betting, pornographic as well as dating and escort services websites, among others.
The financial institution made this known in a mail sent to its customers titled “we want you to transact safely”.
The bank also noted that customers will no longer be able to use their ATM cards to fund certain lifestyles.
» moreUBA customers’ debit ATM cards have been restricted from subscribing to porn websites, betting sites and more. (UBA)
The mail sent to customers on Thursday evening of August 24, 2017 noted that the UBA debit and prepaid cards are now restricted from carrying out such transactions.
The mail 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; -Jewelry -Pornography -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.”
UBA is a Nigerian multinational financial institution. It is one of Africa’s best and most resilient banking groups with operations in 19 African countries and offices in three global financial centers: London, Paris and New York.
