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.
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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.
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By GlobalDataAlex 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."
