Fraud: UBA bans pornography, betting, other transactions with ATM card
The United Bank for Africa, UBA, has place an indefinite ban on the use of its ATM card for certain transactions.
These includes jewellry, pornography, dating and escort services betting.
This was revealed in a statement by the bank to all its esteemed customers.
The statement reads in part: “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,” the statement reads.