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As new consumption trends emerge among consumers who now seek convenience, modern lifestyle, holistic experiences and value offerings.
Absa Bank Uganda is encouraging customers to sign up for the Absa credit cards which offer up to 50 interest free days in a bid to provide convenient financial services.
The bank has launched a new campaign dubbed, ‘Everybody deserves a Bestie Kabisa’, whose purpose is to demonstrate the various ways customers can use credit cards to access financing.
The credit card offerings are in response to a shift and preference for digital payment systems among the population driven by the movement towards cashless transactions.
Musa Jallow, Absa Bank Director of Retail and Business Banking said, the credit card enables customers to utilize their credit limits to pay for goods, services, subscriptions, travel and any other expenses both in-store and online
“Customers can choose flexible repayment plans at reduced interest rates, move money from their credit cards into their personal accounts and mobile wallets through credit card initiated payments and also receive benefits such as 50 days interest free,” Jallow said.
The Absa Card Send feature also allows a user to instantly send money off their credit cards to any Visa cardholder worldwide.
The icing on the cake is that customers choosing to use the Absa Platinum credit card enjoy extended benefits such as purchase protection, reward miles for every shilling spent and can get as many as 4 supplementary cards to ease payments for their loved ones.
“We have seen increased demand for these services evidenced by an increase in acquisition of credit cards. Absa currently issues over 70% of all credit cards in the market translating into 92% of payment volume, ” Jallow explained, indicating that the high payments are a testament to the bank’s dedication to constant innovation to provide high-quality and affordable banking services through its wide variety of financial solutions.
He further encouraged customers to sign up with the assurance that the registration process is quick and easy.
“We encourage people to sign up for our credit card to unlock benefits such as favourable interest rates, ability to choose a payment plan on their credit cards that suits them and enjoy simple and convenient payment plans through a host of digital channels available at Absa including internet and mobile banking,” Jallow concluded.