Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

Ecobank Opens Its Naira Denominated Mastercard For International Transactions; Increase Daily Limits

Proshare

Friday, July 14, 2017 9:55 AM /Ecobank

Ecobank Nigeria has announced the availability of its Naira denominated MasterCard for international transactions as well as increased daily limits customers can spend on their cards. With the upwards review daily spending limits currently applicable for customers using its naira MasterCard for international payments on Point of Sale (PoS) and online channels increased from $100 to $1,000 for its platinum card customers. It also set $750 and $300 limits for its gold and standard card holders respectively. In Addition to that they have also enabled $100 daily ATM cash withdrawals on all the card variants

In his comment, Head, Consumer Banking, Tunde Kuponiyi on Tuesday said the bank is conscious of the needs of customers this season and has therefore made provisions to cater for the expected high demands. In his words “ this move is to create an ease and encourage customers of the Bank to shop and spend abroad with their Ecobank naira denominated cards during this summer, stressing that, the debit card now allows access to their Naira account from any part of the world enabling them make cash withdrawals as well as carry out web purchases abroad”. 

He said “further to our earlier communication informing you of the suspension of international transactions on Naira denominated debit cards, we are pleased to inform you that you can now use your Naira denominated Ecobank MasterCard for international transactions. The debit card now allows you access to your Naira account from any part of the world. With it, you can now make cash withdrawals and make POS / Web purchases abroad, subject to the limits.”

He explained that customers could get an instant card within two minutes in any Ecobank branch, and that the card is automatically enabled for value added services and online transactions both locally and abroad. 

Mr. Tunde Kuponiyi clarified that customers of the Bank can also use their foreign currency denominated MasterCard debit cards, USD, GBP and EUR to enjoy spending directly from their domiciliary account. 


Related News 
1.       
ETI to Publish Q2 2017 Financial Results on August 24, 2017
2.       
Ecobank’s shareholders approve $400 million convertible bond issue.
3.       
Who Owns Legacy Shares After $864m Write Off At Ecobank; Post Securities Fraud
4.       
ETI Announces the Co-option of Mr Greg Davis to its Board of Directors
5.        
ETI Declares N18.68bn PAT in Q1'17 Results,(SP:N7.8k)
6.        
ETI Declares N52.6bn Loss After Tax in 2016 Audited Results (SP:N8.20k)
7.        
Ecobank to Publish Year Ended 2016 Audited Financial Results on 18 April 2017
8.      
Erratum to Ecobank Announcement Regarding Delay to Publishing of 2016 Audited Results
9.        
ETI Announces a Delay to the Publishing of Year Ended 31 December 2016 Results
10.    
Afreximbank and ETI agree on African trade and investment promotion including US$500 mln programme
11.      
Extract from Financials - ETI Tops Companies by Turnover as DANGCEM Leads on PAT
12.     
ETI Records 15% Drop in PAT in Q3'16,(SP:N10.50k)
13.   
ETI and Old Mutual Announce New Strategic Agreement
14.      
Eveline Tall Daouda leaves Ecobank after two decades
15.    
ETI Awaits Requisite Approval on the Conversion of Its Preference Shares to Ordinary Shares
16.   
Conversion of ETI Preference Shares to Ordinary Shares
17. 
ETI Announces the Appointment of Greg Davis as Chief Financial Officer and Group Executive Finance
18.   
ETI Announces Appointment of Dan Sackey as MD, Ecobank Ghana & Regional Executive, Anglophone WA
19.   
ETI Q2'16 Conference Call & Earnings Presentation - The Key Takeaways

READ MORE:
Related News