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UBA, MFS Africa Partner Digital Payments, Remittances

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Africa’s Global Bank, the United Bank for Africa (UBA) Plc, and MFS Africa, Africa’s largest digital payments hub, have announced a partnership to offer innovative and timely solutions to a wide range of customers, especially in the area of remittances, electronic money services, SME payments, as well as integration to businesses for cross border payments.

These services are expected to cover the 20 African countries UBA operates in, which include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, the Democratic Republic of Congo, Gabon, Guinea, Liberia, Mozambique, Sierra Leone, Mali and Senegal.


Both organisations signed an MoU at the UBA Head Office in Lagos last Tuesday, heralding the start of a partnership that will be pivotal in leveraging MFS Africa’s digital payment hub that connects over 400 million mobile money users to a wide range of partners, including Mobile Money Operators, Money Transfer Organisations, Fintechs, Enterprise Merchants and others to drive distribution of financial services at scale.

UBA Group Deputy Managing Director, Muyiwa Akinyemi, who spoke during the signing ceremony, expressed his excitement at the plethora of offerings that UBA customers will enjoy from the partnership.

According to him, “We are very pleased to be partnering MFS Africa in this venture that will see us offering seamless digital solutions to most of the financial challenges of our customers. UBA is ready and with the value that MFS Africa is known for, we are indeed set to dominate the entire banking space in Africa.”


Akinyemi explained that the partnership would help to boost an array of services which will include a centralised payment hub that enables cross-border payments across multiple rails through a single integration; Inbound and Outbound cross border remittances; SME Payments Digitisation; Domestic and Cross Border Corporate Disbursements; Remittance Africa China Corridor, Bin Sponsorship and Web Acquiring.

Speaking on behalf of MFS Africa, the Founder and Chief Executive Officer, Dare Okoudjou said: “As the payments landscape in Africa continues to evolve, we believe that fintechs and banks need to have a deeper collaboration in expanding opportunities that will help ease remittance, payments, disbursements and collections for businesses and their consumers across all sectors of the economy in Africa.

“This is why we are delighted to welcome UBA as our new pan-African banking partner. We are aware of the strengths and capabilities of UBA which is why we will be working together towards expanding access to more possibilities for millions of African consumers and businesses across the 20 countries they are present in Africa.”

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Business

Access Bank Targets 200,000 Closa Agents In 2023

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In a bid to satisfy its customers and make banking easier, Access bank Nigeria Ltd has disclosed its intention to increase its Closa agents from 160,000 to 200,000 nationwide in 2023.

Regional Sales Manager of the bank Chidozie Chukwu, who disclosed this during the unveiling of the Access Closa agent in Owerri, explained further that they intend to reach both the rural and urban areas.

The agents he added were already trained to carry out all transactions of the bank, thereby preventing rush and long queues experienced at the bank.

He said “We have already hit one hundred and sixty thousand of our agents across the nation and we are targeting two hundred thousand. Our Closa agents will make banking easier, distance and long queues experienced by customers will seize.

“On our own part, it will enable us to reach out to locations where we can not reach out to; it will allow the people also to key into banking; we would be at every nook and cranny of the country,” Chukwu said.

Already, Chukwu noted that 100 of the Closa agents have been trained to transact business with their customers in Imo State, adding that the empowerment of the agents will reduce unemployment.

Rob Giles, Senior Retail Advisory of the bank earlier informed that customers can locate a Closa agent near them by simply searching for ‘Access Closa Agent’ on Google Maps on their phone instead of walking long distances in search of a branch.

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Business

UBA Customers Assured Of Memorable Christmas In Super Savers Draw, N22.5m Up For Grabs

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has, once again, assured its loyal customers of a remarkable Christmas celebration, as the bank plans to reward them with exciting prizes in its upcoming Super Savers Draw.

The draw is open to all UBA account holders in Nigeria and will be held on December 16, at UBA House, Marina, where the bank will be giving out N22.5 million to its loyal customers.

The unique draw has something big for everyone and intends to appreciate customers of the bank who have cultivated a savings culture and stayed loyal to the bank over the years.

It will also offer fresh opportunities to intending customers to join the growing number of UBA millionaires and lucky winners who have, in the past, benefitted from various promos held by the bank.

In this edition, 23 lucky customers with UBA Bumper accounts will smile home with a grand prize of either N2 million, N1.2 million rent for a year, N500,000 shopping allowance and N100,000 cash prizes.

Ten customers with UBA Savings accounts will, equally, be rewarded with N1 million each, 10 students of tertiary institutions and Youth Corps members with a UBA NextGen account will get a pocket money reward of N180,000 for a year, while 20 children with a UBA Kiddies or Teens Account will get rewarded with N200,000 school fees grant.

New customers can simply dial *919*20# to open a UBA account or visit www.ubagroup.com/supersavers for more information and start saving, while existing customers, who intend to qualify for this mega draw, can simply save N5,000 in their UBA Bumper or NextGen account, N10,000 in their UBA Savings account, or maintain a standing instruction of, at least, N10,000 every month into a UBA Kiddies & Teens account, as the more they save, the higher the chances of winning big.

As a spin off in this Xmas special draw, one lucky Domiciliary Savings account holder will also bag a N1,000,000 cash prize. All the customer needs to do is open a UBA Domiciliary Savings Account with the Bank Verification Number and maintain a minimum balance of $100 or its equivalent in other currencies till December.

Speaking ahead of the forthcoming draw, Head of Retail, Digital and Transaction Banking, Sampson Aneke, said UBA is passionate about actualising the dreams of its customers, as the bank is relentless in helping them grow by making more and more of its customers millionaires.

He said: “As always, we have decided to make this Christmas a very merry and memorable one for all and have put in place quite a lot to make it happen. UBA always walks the talk and never relents in helping its customers succeed. Our customers are special to us, and this is another opportunity to prove just that.”

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Business

Access Bank Disowns Fake News On Cryptocurrency

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Contrary to an unsubstantiated report circulating on the internet, Access Bank Plc has not launched any Bitcoin bank or introduced a cryptocurrency product.

A statement by the management dissociated the financial institution from the information pushed out by a fictitious webpage.

The article shows the photographs of the Managing Director, Mr Roosevelt Ogbonna, illicitly downloaded from Access Bank’s social media pages.

The images were then manipulated to fit the misleading narrative being promoted in the bogus article.

“The quotes also attributed to Mr Ogbonna in the contrived interview are also completely false”, the disclaimer reads.

“For the record, at no time did Mr Ogbonna grant any interview on the subject of a Bitcoin bank or made any comment on cryptocurrency business.

“Access Bank continues to maintain its absolute commitment to excellent practices in accordance with the laws of Nigeria.”

The statement said the bank is cooperating with the authorities to investigate the source of the fake news to ensure the perpetrators are brought to justice.

“The board, management and staff remain committed to transparency, outstanding corporate governance, and the promotion of global best practices for the good of our customers and all stakeholders”, it added.

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