UBA reveals features as it launches CBN's national domestic card

• The United Bank for Africa (UBA) has unveiled the AfriGo Card, a nationalist home outgo solution to boost accessibility successful Nigeria
• The Central Bank of Nigeria (CBN) and the Inter-Bank Settlement System (NIBBS) launched the paper to heighten payments
• It supports low-income earners and boasts awesome features specified arsenic chi-and-PIN security, ATM, and PoS outgo solutions 

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The United Bank for Africa (UBA) has introduced the AfriGo Card, a groundbreaking home outgo solution meant to boost accessibility, security, and ratio successful Nigeria’s fiscal system.

AfriGo was developed successful concern with the Central Bank of Nigeria and the Nigeria Inter-Bank Settlement System (NIBBS).

UBA's Managing Director, Oliver Alauba, launches CBN's National Domestic Card for seamless payments. Credit: UBA
Source: Facebook

UBA reveals the card’s features

The paper provides a reliable alternate to planetary outgo schemes, facilitating seamless naira-denominated transactions.

AfriGo Card focuses connected security, affordability, and accessibility and aligns with CBN’s fiscal inclusion thrust and integer outgo maturation efforts.

According to reports, AfriGo boasts large features, including chip-and-PIN security, seamless ATM payments and PoS terminals, 24-hour entree to funds, and rewarding benefits for holders.

The AfriGo Card was designed to cater to divers demographics, supporting low-income earners, artisans, students, and marketplace traders by offering flexible affordable and businesslike concern management.

UBA promises seamless transactions with AfriGo Card

UBA’s connection signed by its Group Head of Retail and Digital Banking, Shamsideen Fashola, revealed the AfriGo Card’s versatility and different features, saying that with the card’s launch, the slope continues to amusement its enactment to foster fiscal innovation, inclusion, and accessibility for Nigerians.

“With Afrigo, we are offering a paper that speaks straight to the needs of Nigerians from marketplace women and students to tiny concern owners and low-income earners,” Fashola said.

Per the statement, customers could get the AfriGo debit paper astatine N1,000 including N75 VAT astatine immoderate of the bank’s branches.

More Nigerian banks person adopted CBN's National Domestic Card for casual payments. Credit: NurPhoto/Contributor
Source: Getty Images

UBA joins Access Bank and others to motorboat AfriGo

UBA joins different banks and fintech platforms successful launching the AfriGo Card.

In April 2023, Access Bank became the first fiscal institution to motorboat AfriGo, partnering with AfriGOPay, a fiscal services institution aligned with the Nigeria Inter-Bank Settlement System (NIBBS) to motorboat Nigeria's archetypal National Domestic Card, created to conscionable the outgo needs of Nigerians.

The task initiated by the CBN and the NIBBS provides originative solutions to users of fiscal institutions successful Nigeria, Africa and globally. 

Access Bank's Deputy Managing Director of Retail Banking, Victor Etuokwu said the slope is the archetypal fiscal instauration successful Nigeria to contented the archetypal unrecorded paper of the National Domestic Card successful concern with AfriGo. 

The improvement is touted arsenic a important milestone for Nigeria's nationalist outgo infrastructure, wherever currency request is astatine its peak. 

CBN, NIMC to contented caller National Domestic Card

Legit.ng earlier reported that the National Identity Management Commission (NIMC) has said Nigerians with the National Identification Number (NIN) volition soon petition a National ID card with outgo features for fiscal and societal services.

The paper volition beryllium launched successful concern with the NIMC and the Central Bank of Nigeria (CBN) and powered by the Nigeria Inter-bank Settlement System (NIBBS) and AfriGo.

A connection by NIMC’s Head of Corporate Communications, Kayode Adegoke, said the National ID card, which is embedded with verifiable nationalist individuality features, is backed by NIMC Act No 23 of 2007, mandating it to enrol and contented a wide multipurpose paper to Nigerians and ineligible residents.

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Source: Legit.ng