Nigerian bank issues first contactless payment cards

Nov 18, 2015

The cards use Near Field Communication (NFC) technology.

United Bank for Africa (UBA) has launched the first contactless payment cards in Nigeria.


They use Near Field Communication (NFC) technology that allows customers to pay for goods or services simply by touching the payment terminal, without swiping or inserting their card.

"With our contactless cards, you can make payments for everyday essentials and other things that money can buy the contactless way," UBA said in a press release.

However, customers are still required to enter their PIN code, as the Central Bank of Nigeria (CBN) currently mandates that all POS transactions require PIN entry.

The cards, which can also be used on regular POS terminals, use the Combined Data Authentication EMV Chip, which is "currently the highest standard for chip technology used in payment cards to ensure that UBA contactless cards are absolutely safe", the bank said.

Customers can get these payment cards at any of UBA’s Business Offices in Nigeria for 1,000 nairas (€4.7). The bank said the cards will be launched in other African markets in the coming months.ADNFCR-2976-ID-801805973-ADNFCR