UBA contactless cards hit industry high at 3m

The United Bank for Africa (UBA) Plc, has break a record in issuance of over three million Near Field Communication (NFC) technology enabled contactless cards to its teeming customers.

UBA has in 2015, introduced contactless payment cards which enable customers pay with ease by leveraging the NFC technology.

The NFC technology allows wireless communication between devices that are a few centimetres apart. The NFC payment Card uses microchips/ antenna to transmit data via shortwave radio frequencies. Usually, when one NFC-enabled device is close enough to another NFC device, a connection can be established and data shared between them. The card communicates data to the reader to initiate and complete the transaction using NFC technology.

In addition to the contactless cards, the bank has issued well over 10 million debit and prepaid cards, serving both customers and non-bank customers in its countries of operation.

UBA’s Group Head, Cards, Dr. Yinka Adedeji, said “We are delighted to reaching this milestone. Our customers have found out that with our contactless cards, they make payments for everyday essentials and other things that money can buy the contactless way, and these cards can be used across all the channels where you use your regular card - ATM, POS and Web.”