Wema Bank, one of Nigeria’s leading commercial banks, has announced the lifting of the suspension of international transactions on naira cards
In a letter addressed to its customers and obtained by 9News Nigeria, the bank declared the end of the suspension on international transactions conducted through naira cards.
Recall that many commercial banks in the country prohibited the use of naira cards for international ATM cash withdrawals, web and POS transactions, implying that cardholders cannot make cash withdrawals or payments through those channels outside the country
However, in a statement sent to its customers, Wema Bank announced that it has lifted the embargo on international transactions on naira cards, which means that customers can now conduct international transactions and make purchases globally.
Customers can now enjoy seamless transactions and make international purchases using their Naira cards, including Mastercard, ALAT Mastercard, and Visa, for international spending, according to the bank.
Wema Bank also stated that it has imposed a $500 monthly spending limit for international transactions to ensure that its customers manage their expenses responsibly and protect them from potential fraudulent activities.
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