John Awuah, CEO, UMB
Universal Merchant Bank (UMB) on Thursday introduced three additional VISA Cards to give customers more options to transact business.
The introduction of the cards – UMB VISA Prepaid Card, UMB VISA Business Card and UMB Platinum Card – follows UMB’s partnership with Visa Incorporated in April 2015 to introduce the UMB VISA Classic debit card.
John Awuah, Managing Director of UMB Bank, commenting on the products, said the launch of the UMB VISA Classic card in 2015 gives customers enhanced access to their funds and more transactional options.
“However, we recognised that while our VISA Classic card gave our customers more options, it did not fully satisfy the unique needs of certain categories of our customers,” he stated.
Mr Awuah said the bank was committed to satisfying customers through the investment, adding that it had opened three new branches, expanded its ATM network and introduced products such as UMB Salary Overdraft.
He also mentioned the inauguration of the UMB Centre for Businesses to cater exclusively for the needs of Small and Medium Enterprises (SMEs).
UMB Bank’s Head of Card Operations, Irene Adjei-Bisa, speaking on the features of the products, said the UMB VISA Prepaid card offered customers a unique combination of convenience and control.
“The card serves as a wallet and is a great way to safely set aside funds for specific purposes such as online shopping, holidays, festive periods, hobbies and other interests,” she said.
She explained that the card gives customers easy access to the global Visa acceptance network, spanning over 200 countries.
Mrs Adjei-Bisa said the UMB VISA Business Card also gives business owners the ability to control how, when and where payments were authorised for employees’ cards.
Touching on the benefits of the UMB VISA Platinum card, Mrs Adjei-Bisa said the UMB Platinum card gives high-end exclusive benefits to customers and these include benefits at more than 900 luxury hotels around the world, including VIP guest status and short-term insurance (90 days) against loss, theft/specified causes of accidental damage to goods purchased with a UMB VISA Platinum card.