Nigerian bank bans using its ATM cards for betting, porn subscription, more - BLUE VOICE RADIO

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Wednesday, 13 September 2017

Nigerian bank bans using its ATM cards for betting, porn subscription, more

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.

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.