*The United Bank for Africa Plc, launches its improved Point of Sale terminal and UBA MONI App with exciting features designed to boost efficiency, transparency, and trust for merchants, to redefine the digital payments ecosystem and empower Small and Medium Scale Enterprises across the African continent

Isola Moses | 绿帽献妻

In line with its ongoing campaign to enhance efficiency and merchants’ transacting their businesses with ease, the United Bank for Africa (UBA) Plc has unveiled its improved Point of Sale (PoS) terminal and UBA MONI App.

UBA disclosed the upgraded digital platforms form part of the campaign with the theme: “Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking”.

The leading financial institution also said the aim of the effort was to redefine the digital payments space, and empower Small and Medium Scale Enterprises (SMEs) across the African continent.

According to the bank, the newly-improved PoS, which provides customers efficiency and ease in transacting their businesses, boasts of exciting features designed to boost efficiency, transparency, and trust for merchants; including instant settlement, real-time monitoring, pay-by-link functionality, and a 100 percent transaction success rate.

UBA further stated that with the new PoS service, consumers of financial products and services could enjoy flexibility.

The terminals have been equipped to serve businesses of all sizes, providing the speed, reliability and fast-paced services demanded by today鈥檚 merchants, the Bank noted.

The UBA MONI App, which is designed to further strengthen UBA鈥檚 agency banking network has also been modified with new features, including instant settlement, pay-by-transfer options, secret question security, an enhanced inbox, and a redesigned homepage 鈥� offering agents and customers an even more intuitive and secure experience.

Besides its core features of instant account opening with BVN/NIN, real-time transfers, cash deposits and withdrawals, airtime/data payments with agent discounts, and instant POS deployment remain at the heart of the app.

UBA committed to innovating seamless, secure payment solutions for businesses: Fashola, Retail & Digital Banking

Speaking on the modified features of both platforms, Shamsideen Fashola, Group Head, Retail and Digital Banking at UBA, said as a forward-thinking financial institution, the financial institution always seeks modern ways to improve its services and offerings to give consumers top-notch experience while conducting their daily businesses.

Fashola said: 鈥淎t UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes.

“The new UBA PoS and MONI App is designed to empower merchants and agency banking with instant settlements, real-time transaction tracking, and unmatched reliability 鈥� ensuring they can focus on growing their businesses with a trusted partner.鈥�

He also stated: 鈥淭his next-generation PoS is not just a payment device; it鈥檚 a powerful tool that helps businesses stay competitive in a fast-paced economy.

“With UBA鈥檚 extensive reach and robust infrastructure, we are bringing convenience and confidence to every transaction.

“With the upgraded MONI App, we are equally equipping our agents, many of whom serve smaller communities, with faster tools, greater transparency, and an enhanced user experience that will help them grow their businesses while serving millions of underserved customers.鈥�

The UBA Group Head, Retail and Digital Banking equally explained that the bank鈥檚 continued investment in digital infrastructure aligns with its broader commitment to supporting African businesses through technology-driven banking solutions that deliver value, scalability, and trust.

Likewise, Alero Ladipo, Group Head, Marketing and Corporate Communications of UBA, stressed the bank鈥檚 commitment to delivering innovative solutions that meet the evolving needs of its customers.

Ladipo stated: 鈥淲e understand that speed, transparency, and reliability are critical for business growth, and that鈥檚 exactly what the new UBA POS and Moni App delivers.

“At UBA, we are not just providing a payment device, we are offering a promise of efficiency, trust, and support to the thousands of businesses that rely on us daily.

“This solution is a testament to our dedication to helping our customers thrive in today鈥檚 digital economy.”

She urged merchants, agent banking partners and business owners to experience the myriad of offerings available by visiting any UBA branch nationwide or through the bank鈥檚 Web site at .

About UBA

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally.

Operating in 20 African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.

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