Anxiety As UBA Puts On Hold Usage Of Bank's Credit, Debit Cards In China




A financial institution, United Bank for Africa has made an important decision.

Sources confirmed the management of the bank with Kennedy Uzoka as the Group Managing Director has suspended use of its cards in world fastest growing economy China.

‘'We are not allowing use of our cards in China until further notice'' the bank wrote to customers societynow.ng confirmed.

Societynow.ng gathered one of the nation's leading financial institution premise the decision on security reasons.

‘'For protection was written on the communication sent to me'' a customer informed societynow.ng.

Further checks by societynow.ng revealed that the decision by UBA to stop the use of its cards in one of the world's industrial hub is ‘'till further notice''.

The bank promised to notify customers once the restriction on the cards is lifted societynow.ng gathered.

Highstreetng.com's findings revealed that this development is creating panic for bank customers using the financial institution for business transactions in China.

''The bank's decision is creating anxiety because it has put a limit on when and how businesses can be done by these customers. And in this era of quick thinking and speedy response to business issues, where fortunes are made and lost in split-second decisions..this is certainly a big no'' an unhappy customer claim.

Highstreetng.com gathered UBA customers doing business in a China, which is a high-level economic partner with Nigeria, live in anxiety of the possible adverse effect of the bank's decision taken with any prior warning,

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