(Business in Cameroon) - United Bank for Africa (UBA) customers will now enjoy the benefits of MasterCard payment solutions. This is the outcome of an agreement that has just been concluded between the pan-African group and the American payment solutions provider, MasterCard.
According to the terms of this agreement, UBA is authorised to accept and issue MasterCard products in Cameroon, Chad, the Democratic Republic of Congo, Gabon, Ghana, Guinea (Conakry), Kenya, Liberia, Mozambique, the Republic of Congo (Brazzaville), Sierra Leone, Tanzania, Uganda and Zambia.
In Cameroon, UBA will join other banks such as Banque Atlantique and Afriland First Bank, which is already providing MasterCard, sometimes with Visa, MasterCard’s international competitor.
A few weeks prior to the signing of the agreement, UBA and MasterCard launched MasterCard services in Nigeria. “This collaboration is a reflection of our vision, which is to be a first-rate pan-African bank in products and innovative financial services. This partnership with a global entity like MasterCard is a part of making our vision for Africa a reality,” stated the Managing Director of United Bank for Africa, Kennedy Uzoka.
“MasterCard’s presence in Africa means that we are continuing to work with various partners in the financial services sector to continually develop products that help consumers to move from cash to electronic payment,” indicated Daniel Monehin, President of MasterCard’s Sub-Saharan Africa division.
President in 19 African countries, the UBA group provides financial services to some 7 million consumers via 700 branches.