Zenith Bank says it will suspend international transactions on its naira cards from Monday, January 9, 2023. The bank said this in a recent notice to customers. In March last
It also temporarily suspended international transactions on automated teller machines , and point of sale channels.In the latest announcement, Zenith Bank said customers will be unable to use its naira cards for international cash withdrawals, including web and POS transactions.
The development may likely exacerbate the plight of Nigerians who shop from online stores such as Amazon, as they will no longer be able to pay with their naira cards. “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 Monday, January 9th, 2023,” the notice reads.“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.
As Nigeria’s foreign exchange crisis worsens and threatens the survival of businesses, many financial institutions also made similar decisions., 2022, Standard Chartered Bank suspended international transactions on its naira visa debit card. Flutterwave, Eversend and other fintech platforms made similar choices, halting their virtual card services for international transactions.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NPFL clubs get N200m grant as league kicks off Jan 8 | TheCableThe Interim Management Committee (IMC) has distributed a N200 million take-off grant among all clubs in the Nigeria Professional Football League (NPFL)
Read more »
'They made highest offer' -- CBN defends sale of Polaris Bank to SCIL | TheCableThe Central Bank of Nigeria (CBN) says the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL), the new core investor, followed due process. An online report had claimed
Read more »
PHOTOS: FG inaugurates new NDDC board | TheCableThe new board members of the Niger Delta Development Commission (NDDC) were inaugurated on Wednesday in Abuja. The inauguration was conducted by Umana Umana, minister of Niger Delta affairs. The
Read more »
Wike: Speculations won’t influence my choice of presidential candidate | TheCableNyesom Wike, governor of Rivers, says speculations won’t influence him on who he intends to announce as his preferred presidential candidate. In recent weeks, there have been speculations that Wike
Read more »
Canada places two-year ban on home purchases by foreigners | TheCableA new Canadian law passed on January 1 has banned foreigners from buying homes in the country for two years.
Read more »
10 farmers killed as boat capsizes in Kebbi | TheCableTen people have reportedly died in a boat mishap that occurred in Koko/Nesse LGA of Kebbi state. According to NAN, Yahaya Bello, chairman of Koko/Besse LGA, said the incident occurred
Read more »