Wema bank lifts ban on international transactions on Naira card

One of Nigeria’s commercial banks, Wema Bank lifts the suspension imposed on international transactions on naira cards.

All banks in Nigeria had prohibited the use of naira cards for international cash withdrawals from ATMs, online transactions, and point-of-sale purchases, effectively preventing cardholders from making payments or accessing cash abroad.

Wema Bank, however, has now informed its customers that the suspension on international transactions using naira cards has been lifted. This decision was communicated to customers through an email.

This means that customers can now freely engage in global transactions and make purchases using their Naira cards, including Mastercard, ALAT Mastercard, and Visa. The bank also noted that its customers can now enjoy up to $500 monthly on international transactions using their Naira cards for purchases around the world.

The email reads, “It’s time to enjoy seamless transactions and make purchases internationally. You can now use your Naira cards, including Mastercard, ALAT Mastercard, and Visa, for international spending.”

“Your Naira card gives you the convenience of making payments in foreign currencies, eliminating the need for currency conversion or carrying excess cash. It’s a hassle-free and secure way to shop and transact abroad.”