The introduction of the Contactless Naira MasterCard by Nigeria’s premier financial institution, FirstBank Plc will promote the convenience, ease of transactions and the security of funds. This is Firstbank’s position as it announces the Contactless card as an addition to its array of debit cards.
The debit card, which FirstBank stated, is widely acceptable nationwide and globally, will be used to withdraw cash, and access value added services including bill payment, airtime recharge, flight, and hotel booking and many more.
In a statement in Lagos, FirstBank explained that the Contactless Naira MasterCard enables quick pin-less purchases and is a fast secure way for customers to shop locally and globally. The bank added that contactless card can be used for making payments in the London transport network such as buses, tubes, trams, Dock and Light Railway (DLR), and the London Overground as well as in Grocery shops, supermarkets and Gas stations within London metropolis.
“The card is designed to enhance a cashless lifestyle by promoting increased card usage for lower value transactions. Payments are made by tapping the card on the POS machine with contactless functions for low value transactions; the card can also be used in a regular POS as a normal MasterCard. The daily limits for pin-less transactions are N3, 000 for the contactless naira master card and N10, 000.00 for the contactless Platinum Debit MasterCard,” the statement added.