United Bank for Africa (UBA) in collaboration with MasterCard has rolled out its latest debit card in Uganda to promote cashless payments.

Dubbed UBA Debit MasterCard, the new chip and pin debit card that focuses on displacing cash will provide a quick, convenient and secure payment alternative for all citizens instantly.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The launch of the new debit card also supports UBA’s Strategic Plan, which outlines initiatives that will help improve financial inclusion in Uganda while meeting the payment needs of people across Africa.

Using the new debit card, the cardholder can access funds directly from a savings or current account, thereby reflecting all transactions in real time.

UBA group head of digital banking Yinka Adedeji said: “As a group, we are committed to driving financial inclusion and empowering businesses across Africa, and our partnership with MasterCard enables us to deploy safe electronic solutions to the benefit of the entire country.”

The card will be issued instantly at all the UBA branches across Uganda after submitting an application for the same. Plans are under consideration to make the debit card available electronically through the UBA website.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

UBA Uganda managing director/CEO Johnson Agoreyo said: “The introduction of the UBA Debit MasterCard into the market will enable our customers to carry out their banking transactions in a safer, more convenient and more reliable manner.

“Our customers’ needs are changing and as they change, we will continue to adopt smart technology solutions that deliver superior services.”