PayPal, UBA collaborate on e-payment
United Bank for Africa Plc says its debit and prepaid cards are now accepted on the PayPal gateway.
PayPal, one of the world's largest online payment platforms, had last week added Nigeria to its global operations.
PayPal allows individuals and businesses to make easy international payments. It has been used over the years to pay for transactions on online platforms like Amazon, eBay, and other top e-commerce websites. PayPal boasts of more than 100 million users worldwide.
UBA, in a statement, said the latest partnership between the bank and PayPal would allow its cardholders to join PayPal users.
According to the lender, the development will make shopping online from popular international retailers more flexible.
The statement quoted the Head, e-Banking, UBA, Dr. Yinka Adedeji, as explaining, 'All customers need to do is to visit PayPal's website, select country of location, fill the application form that will be displayed and submit the form online. Once this is done, the registered card can be used to make payments on all websites with the PayPal logo.
He added, 'UBA cards on Paypal offer unrivalled convenience for our cardholders to shop online.'
Adedeji assured that the bank's cards were trusted, reliable and protected with advanced technology for online payments.
In addition, he said UBA MasterCard and VISA cards were fortified with MasterCard SecureCode and verified by VISA features respectively for secure online transactions.
He added, 'The acceptance of UBA cards on PayPal will provide more convenience for those planning their summer shopping.