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Ecobank Opens Naira-denominated Mastercard For International Transactions - Business - Nairaland

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Ecobank Opens Naira-denominated Mastercard For International Transactions by Truth234(m): 11:11am On Jul 14, 2017
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 payment cards.

As a result, the daily spending limits for international payments on the Point of Sale terminal and online channels increased from $100 to $1,000 for its platinum card customers.

The lender also set $750 and $300 limits for its gold and standard cardholders respectively.

The pan-African bank said it had also enabled $100 daily Automated Teller Machine cash withdrawals on all the card variants.

In a statement on Thursday, the Head, Consumer Banking, Ecobank, Mr. Tunde Kuponiyi, said the bank was conscious of the needs of customers in the summer season and as such, made provisions to cater for the expected high desmands.

He was quoted to have said, “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. The debit card now allows access to their naira account from any part of the world, enabling them to 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 the 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 was automatically enabled for value-added services and online transactions both locally and abroad.

Kuponiyi clarified that customers of the bank could also use their foreign currency denominated MasterCard debit cards to enjoy spending directly from their domiciliary account.

http://investorsking.com/ecobank-opens-naira-denominated-mastercard-for-international-transactions/ mynd44

9 Likes 2 Shares

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Ugoeze2016: 11:14am On Jul 14, 2017
My money

3 Likes 2 Shares

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by lansha2006: 11:15am On Jul 14, 2017
Weldone. You need to still work on your internal processes. Charges that are unbelievable on dormant accounts and the rest of them.

11 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by fixedhollies(m): 11:15am On Jul 14, 2017
This is a very good development! It will ease d burden of sourcing for online transactions. Hope d conditions wnt be like that of Gt?

5 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Nifeola: 11:15am On Jul 14, 2017
Kk
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by PresidentBuhari: 11:16am On Jul 14, 2017
EcoBank is no longer a bank Run Run

Sai baba grin

4 Likes 3 Shares

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Nobody: 11:18am On Jul 14, 2017
funny see eco bank upgrade but what if i no get up to $1,000
then is over

1 Like 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by zopaks: 11:18am On Jul 14, 2017
need
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by SolnergyPower: 11:18am On Jul 14, 2017
$1000 daily?

Truth234:
As a result, the daily spending limits for international payments on the Point of Sale terminal and online channels increased from $100 to $1,000 for its platinum card customers.

1 Like 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Efostick(m): 11:19am On Jul 14, 2017
dead Bank.

1 Like

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Nobody: 11:20am On Jul 14, 2017
Why them stop am before sef
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by emmanuel596(m): 11:20am On Jul 14, 2017
Dis failed bank with poor services

4 Likes

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by hungryboy(m): 11:20am On Jul 14, 2017
Ecobank were even their Atm dey choose says were him go pay you, Dey follow comot Mastercard for international transactions

1 Like

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by skydancer: 11:20am On Jul 14, 2017
Waiting for every other bank to follow suit. Recession is over cheesy

2 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by cristianisraeli: 11:20am On Jul 14, 2017
as bubu no day house una come unveil this...my hand no day there ooo..until bubu come back and confirm say him give una approval then i fit open account until then..i no do

2 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by iliyande(m): 11:20am On Jul 14, 2017
EcoBank is wicket and greedy bank

check their exchange rate below:

14/07/2017 Online Access =₦ 375

14/07/2017 Online GTB =₦ 380

14/07/2017 Online Ecobank =₦ 385

14/07/2017 Online Fidelity =₦ 375

14/07/2017 Online UBA =₦ 376

8 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by exlinkleads(f): 11:20am On Jul 14, 2017
nice one

3 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by abdul4new(m): 11:21am On Jul 14, 2017
The accompanying charges the bank will remove on these services will shock you to the bone marrow.
Useless bankers

3 Likes

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by humchrix333: 11:22am On Jul 14, 2017
Hmmm... even GTBank said their own too last week or so and when I tried my naira Mastercard on Apple iTunes Store by brother the bounce back oh. The bank later sent me a Message that I could not use naira master again online for foreign buying . Lies lies lies everywhere

7 Likes

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by BiafranYouths(m): 11:23am On Jul 14, 2017
....

Everything is happening in the west, massive road construction and dualization is going on in the south west, but we Akwa-Ibom the Highest oil producer in the nation has deplorable death traps for highways, just yesterday 3 souls were lost because of their greed and neglect of the layer of the eggs, look at Mobil Headquarters, they've cornered it to Lagos still for their selfish interest, Akwa Ibom State and Lagos state which is more peaceful?

Them thing say we be fools...
Na so dem take muscle Jonathan comot con bring this vegetable come... still for their selfish interest,.. they go any length for their selfish interest! even the economy is not spared, Kemi Adeosun destroys the economy while Ngozi Iwela is being used by the United Nations,
... they won't call her to help salvage the economy still for their selfish interest!


Ibaka deep sea port has been dumped just so the Igbos they marginalized travel from the coastal Akwa-Ibom and Niger Delta to Lagos just to bring in his goods....
Everything for their selfish interest...
Akwa Ibomites are tired, give us Biafra that's all we want!


Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by eleojo23: 11:24am On Jul 14, 2017
iliyande:
EcoBank is wicket and greedy bank

check their exchange rate below:

14/07/2017 Online Access =₦ 375

14/07/2017 Online GTB =₦ 380

14/07/2017 Online Ecobank =₦ 385

14/07/2017 Online Fidelity =₦ 375

14/07/2017 Online UBA =₦ 376

Ecobank is not ready to do business yet.
They are just testing the waters ...

2 Likes

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Talk2Bella(f): 11:24am On Jul 14, 2017
iliyande:
EcoBank is wicket and greedy bank

check their exchange rate below:

14/07/2017 Online Access =₦ 375

14/07/2017 Online GTB =₦ 380

14/07/2017 Online Ecobank =₦ 385

14/07/2017 Online Fidelity =₦ 375

14/07/2017 Online UBA =₦ 376

haven't been able to pay for Facebook ads thru my UBA, does this mean I can use it now?

2 Likes

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by eleojo23: 11:27am On Jul 14, 2017
What of PayPal payments?
Is it now possible?
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Truth234(m): 11:28am On Jul 14, 2017
SolnergyPower:
$1000 daily?




For platinum customers, how many people are platinum customers? And its only POS.
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by sirclemzy: 11:29am On Jul 14, 2017
Good development. It seems $1000 is now the approved limit for banks. It will surely increase with time.

2 Likes 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by omoadeleye(m): 11:30am On Jul 14, 2017
Senator95:
funny see eco bank upgrade but what if i no get up to $1,000
then is over


lol.. see olodo

2 Likes

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by iliyande(m): 11:30am On Jul 14, 2017
Talk2Bella:


haven't been able to pay for Facebook ads thru my UBA, does this mean I can use it now?

UBA works with 12:00-12:05 midnight only....
be sure to use it within that period of time, it should work..
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by david22uu(m): 11:30am On Jul 14, 2017
Getting a USD or dorm account is still d best.. see card rates

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Joe50(m): 11:31am On Jul 14, 2017
iliyande:
EcoBank is wicket and greedy bank

check their exchange rate below:

14/07/2017 Online Access =₦ 375

14/07/2017 Online GTB =₦ 380

14/07/2017 Online Ecobank =₦ 385

14/07/2017 Online Fidelity =₦ 375

14/07/2017 Online UBA =₦ 376

gtb is N390 per $ and only limited to $100 per month on naira mastercard

thanks ecobank

1 Like 1 Share

Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by Talk2Bella(f): 11:31am On Jul 14, 2017
iliyande:

UBA works with 12:00-12:05 midnight only.... be sure to use it within that period of time, it should work..
alright thanks a lot I'd give it a try
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by MizMyColi(f): 11:32am On Jul 14, 2017
Iliyande, please what website did you get this comprehensive info from?

iliyande:
EcoBank is wicket and greedy bank

check their exchange rate below:

14/07/2017 Online Access =₦ 375

14/07/2017 Online GTB =₦ 380

14/07/2017 Online Ecobank =₦ 385

14/07/2017 Online Fidelity =₦ 375

14/07/2017 Online UBA =₦ 376
Re: Ecobank Opens Naira-denominated Mastercard For International Transactions by iliyande(m): 11:33am On Jul 14, 2017
Joe50:


gtb is N390 per $ and only limited to $100 per month on naira mastercard

thanks ecobank

not true..... check the post you quoted... that is the latest exchange rate as at today..

1 Like

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