United Bank for Africa (UBA) has signed an agreement with Ixaris and its Nigerian partner Ojapay to implement a virtual card platform across its 20 African markets.

Under the agreement, UBA will use Ixaris Payment Server to deliver latest payment options for individuals and corporates.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Kennedy Uzoka, deputy managing director and CEO, UBA Africa, said: "We have partnered with Ixaris and Ojapay to make this convenient payment option available to customers because virtual cards are not only easy and convenient to use but also protect users against online fraud.

"They will offer our customers across Africa a new layer protection and security for their online transactions."

UBA’s new virtual card option will enable more than 10 million customers across 20 African markets to make safe and easy online purchases at any online merchant worldwide.

The new virtual payment card will also enable UBA Corporate Clients to take advantage of the wider range of goods and services available on the Internet.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Alex Mifsud, founder and CEO of Ixaris, said: "We are excited to be working with UBA, one of the most respected banks in Africa, to help bring safe and convenient e-commerce to millions of people who can really benefit from it.

"This deal shows how open payments platforms like Ixaris Payments Server are transforming how banks approach the product development lifecycle for payments."