Nigerian banks reactivate international payments on naira cards, easing restrictions for customers
Following almost three years of halted services, Nigerian banks have officially resumed international transactions on naira-denominated debit cards. This move represents a major improvement for account holders needing to complete payments abroad.
United Bank for Africa (UBA) and Wema Bank separately notified their customers about the reinstatement of international payment functions on their naira cards.
In its announcement, UBA confirmed that this reactivation for its premium naira cards reflects its ongoing promise to enhance banking convenience.
“We are delighted to let you know that all UBA Premium Naira Cards , Gold, Platinum, and World , now support international payments,” the bank announced.
“This upgrade allows you to easily perform global transactions including online purchases, POS payments, and ATM withdrawals. If you haven’t used your card in a while, this is the perfect opportunity to enjoy the convenience and status of being a UBA premium cardholder.”
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Likewise, Wema Bank informed its customers that their naira Mastercards have also been enabled for dollar payments on overseas platforms.
UBA and Wema debit cards displayed together as Nigerian banks restore international transaction services
Your Wema Naira Mastercard just went international!” the notice read. “You can now pay in dollars on popular platforms like Amazon, eBay, AliExpress, Netflix, Spotify, and YouTube.
This update comes as welcome news for many in Nigeria who have depended on dollar cards or alternative payment options since the suspension of international transactions by Nigerian banks in 2021 due to a shortage of foreign currency.
