PostBank Uganda (PBU) has forged a partnership with UnionPay International (UPI) to introduce a new payment card.
The card launch follows the start of an alliance between the two parties to offer the bank’s services outside Uganda.
Dubbed UnionPay PostCard, the new debit card enables the bank customers to conduct international transactions.
They can make payments at more than 3000 merchant locations in Uganda and 52 million merchants across 179 countries globally, using the new card.
UnionPay Africa branch GM Luping Zhang said that cardholders can transact at PostBank ATMs, PostAgents, and any participating point-of-sale (POS) terminals and ATM networks worldwide.
Additionally, PostBank is launching a marketing campaign for the UnionPay PostCard to raise its awareness among customers.
This is part of its ongoing ‘Beyi Powa’ digital banking campaign.
Commenting on the launch, PostBank MD Julius Kakeeto said: “Today, we unveil a significant and highly prized asset because of its importance to our customers who have continued to be loyal to us, despite the current global and local challenges we are facing together.
“The asset we are unveiling today is the UnionPay PostCard which is set to bring numerous benefits and convenience to many of our customers across the globe.
“To make access seamless and fast, we have rolled out instant issuance of the UnionPay PostCards to our customers in a number of our branches and intend to have this capability across our branch network by the end of this year.
“I, therefore, urge our customers to sign up for this card so that they can take advantage of its numerous benefits and experience a new efficient and effective way of payments and banking with us. With this card, you will Pay for More, Your Way.”
Last week, UnionPay forged a partnership with Abu Dhabi Islamic Bank (ADIB) to enable contactless payments across the UAE.