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BANKING & FINANCE

UBA Unveils Salary Advance Credit Card For Workers

The United Bank for Africa (UBA) Plc has launched a new product named ‘U-Advance Card, a payment card that allows workers that operate a salary account with the bank to get a credit advance ahead of pay-day.

According to the bank, the U-Advance card is an internationally accepted card payment solution designed to address the salary account holders’ need for easy and quick access to extra funds during their monthly salary cycles, in form of a revolving, secured credit facility.

Divisional Head, e-Banking, UBA, Dr. Adeyinka Adedeji explained in a statement that the product would complement UBA’s existing suite of retail credit products in the form of a naira based, short term, secured financing targeted at salary account holders and will provide frictionless access to much needed credit with the cardholder’s monthly salary as security.

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