UNITED BANK FOR AFRICA (UBA) POSITIONED TO BENEFIT FROM THE ADVANCEMENTS IN TECHNOLOGY

 A customer using a UBA Card to withdraw money from a UBA ATM

 Customer using U-Mobile platform

Making payments with POS

United Bank for Africa Plc is one of the leading financial institutions offering banking services to more than 7.5 million customer accounts across 850 branches in 19 African countries.  With presence in 3 global financial centers: London, Paris and New York, UBA is connecting people and businesses across Africa through retail and corporate banking, innovative cross-border payments, trade finance and investment banking.

Looking into the future, the Chairman of United Bank for Africa Mr. Tony O. Elumelu warned that developments in financial technology is changing the game in the financial industry, lowering operating costs and broad customer reach and becoming major disruptors within the banking industry. However, he gave the assurance that UBA is part of the leading technology change agents, and thus well positioned to benefit from the brave new world offered by advancements in technology. He stressed that “leading new technology and innovation is part of the UBA Group’s DNA”. He said this during the previously ended UBA AGM in Lagos which was attended by all Board Chairs and CEOs from all subsidiaries where the bank has presence.

UBA Tanzania strongly believes in the new technology trends hence setting the pace with their E-banking products which are very convenient for the users. I.e. the U-Direct retail & corporate product, suitable for anyone who is looking for convenient banking at the comfort of their PC/Laptop/ or Tablet or even Smartphone. UBA E-banking products are very convenient and reliable ensuring that the broad customer reach is addressed in a more innovative manner.

The U-mobile product targeted for all UBA customers, convenient 24/7 specifically for banking on your mobile anytime, anywhere. It goes by saying buying airtime from your phone wherever you are with the U-mobile platform is faster than taking a selfie. The platform has other features to enable you meet your daily needs without going to the bank but at the comfort of you mobile phone, like paying bills, confirming cheques, viewing your transactions, sending money to your Mpesa, Tigopesa &Airtel money, load your Visa prepaid card to mention but a few. Call it convenience at your finger tips.

The UBA Visa Prepaid Card (Africard), a payment card which is set up without the need for a customer to own/operate a bank account with UBA, it is a shilling denominated card that is prefunded and reloadable. It is internationally accepted in all visa acceptance points. The card can be used for ATM, POS & Web transactions.  It is PIN protected with Chip technology for enhanced security. One can easily do balance inquiries; get sms transaction alert notifications anytime any transaction is done using the card, and co-branding. Customers can load cash to the card via Airtel money and Mpesa and we have also put into consideration our branch network not leaving out our customers across the country, to load their cards through our UBA accounts with Exim Bank & CRDB.

With these innovative UBA E-banking products, we are set for financial inclusion and positioned to benefit from the moving trends in technology in the banking industry.