The United Bank For Africa in Vision to make its customers transact safely have placed banon the use of its ATM Cards for subscription to betting, porn, Dating and escort websites.
The financial institution made this known in a mail sent to its customers titled “we want you to transact safely”.
UBA says it has restricted it customers from using their cards to fund some lifestyles including the purchase of jewelries.
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; -Jewellry -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.”
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