UBA and Mastercard Launch Prepaid Card for Financial Inclusion in Africa

United Bank Africa (UBA) and Mastercard have collaborated to introduce a new prepaid card to enhance financial inclusion in Africa. The prepaid card targets individuals without traditional bank accounts, especially young adults and gig workers.

This initiative aims to bridge the financial access gap in Nigeria, where millions of adults remain unbanked. The card allows users to load funds, make local and international transactions, and manage their spending securely.

UBA's Group Head of Retail Digital Banking, Shamsideen Fashola, emphasized the bank's commitment to ensuring every Nigerian is banked. The partnership with Mastercard demonstrates a practical approach to meeting the everyday financial needs of Nigerians.