In order to further accelerate financial inclusion and increase access to digital payment solutions throughout Africa, United Bank for Africa (UBA) Plc partnered with Mastercard to launch the Mastercard prepaid card. This card, which does not require a traditional bank account, is intended for people who have historically lacked access to formal financial services, especially young adults, gig workers, and low-income earners. It allows users to top up funds, transact both locally and internationally, and manage spending with flexibility and security. Given that over 28.9 million adults in Nigeria are still unbanked and that young people and freelancers are increasingly requesting digital-first tools, the prepaid card directly addresses urgent gaps in the financial ecosystem.
In order to further accelerate financial inclusion and increase access to digital payment solutions throughout Africa, United Bank for Africa (UBA) Plc partnered with Mastercard to launch the Mastercard prepaid card. This card, which does not require a traditional bank account, is intended for people who have historically lacked access to formal financial services, especially young adults, gig workers, and low-income earners. It allows users to top up funds, transact both locally and internationally, and manage spending with flexibility and security. Given that over 28.9 million adults in Nigeria are still unbanked and that young people and freelancers are increasingly requesting digital-first tools, the prepaid card directly addresses urgent gaps in the financial ecosystem.
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