Netflix Loses 39,451 Users As Banks Suspend Transaction On Naira Cards NETFLX
Online streaming service company, Netflix, has said that it recorded a loss of 39,451 users in 40 days, due to the suspension of international transaction on Naira Cards by Nigerian commercial banks.For instance, Zenith Bank in a note to customers, said: “Dear Valued Customer, please be informed that you will be unable to use your Zenith Bank Naira cards for International Automated Teller Machine cash withdrawals, PoS transactions and web transactions with effect from January 9th, 2023.
“If you have International spend requirements, simply visit any of our branches and request for a foreign currency debit or prepaid card, which are available in US Dollar, Pounds and Euro variants. Thank you for banking with us.” This is coming barely a week after Guaranty Trust Bank made the same announcement, which took effect from January 1.
Also, e-commerce platforms, Flutterwave, Eversend, and other Fintechs had also stopped virtual card services for international transactions. This announcement further compounds the troubles of many Nigerians who shop online from international stores such as Amazon, and Apple Music, among others, as they will no longer be able to pay with their Naira cards.
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