UBA set to redefine digital payment, launches app to improve PoS operation

• The UBA MONI App and its greatly improved Point of Sale (POS) Terminal person been unveiled by United Bank for Africa (UBA) Plc.
• This is an effort to empower tiny and medium-sized enterprises crossed Africa and alteration the integer outgo ecosystem.
• Because the terminals are made to service businesses of each sizes, customers whitethorn instrumentality vantage of the caller service's versatility

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

In an effort to alteration the integer outgo scenery and empower tiny and medium-sized businesses passim Africa, United Bank for Africa (UBA) Plc has announced the UBA MONI App and its importantly enhanced Point of Sale (POS) Terminal.

United Bank for Africa (UBA) Plc has announced the UBA MONI App. Photo Credit: UBA
Source: UGC

The bank's existent campaign, Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking, includes the updated platforms, ThisDay reported.

With breathtaking features similar instant settlement, real-time monitoring, pay-by-link functionality, and a 100% transaction occurrence rate, the precocious enhanced PoS offers customers ratio and easiness successful conducting business. These features are intended to summation efficiency, transparency, and merchant trust.

Customers can payment from flexibility with the caller work due to the fact that the terminals are designed to accommodate companies of each sizes and connection the speed, dependability, and quick-paced services that modern merchants want.

With caller features similar instant settlement, pay-by-transfer options, concealed question security, an improved inbox, and a redesigned homepage, the UBA MONI App—which aims to further fortify UBA's bureau banking network—offers agents and customers an adjacent much user-friendly and unafraid experience.

This is connected apical of its indispensable features, which see instant BVN/NIN relationship opening, real-time transfers, currency deposits and withdrawals, agent-discounted airtime/data payments, and instant POS deployment.

Speaking astir the updated features of some platforms, Shamsideen Fashola, Group Head, Retail and Digital Banking astatine UBA, stated that the institution is perpetually searching for caller and innovative ways to heighten its services and offerings successful bid to supply customers with exceptional experiences arsenic they spell astir their mundane business.

He said:

“At UBA, we are perpetually innovating to supply seamless and unafraid outgo solutions for businesses of each sizes. The caller UBA PoS and MONI App is designed to empower merchants and bureau banking with instant settlements, real-time transaction tracking, and unmatched reliability – ensuring they tin absorption connected increasing their businesses with a trusted partner.”

The caller PoS is simply a almighty instrumentality that helps businesses enactment competitory successful a fast-paced economy. Photo Credit: Contributor
Source: Getty Images

He added,

“This next-generation PoS is not conscionable a outgo device; it’s a almighty instrumentality that helps businesses enactment competitory successful a fast-paced economy. With UBA’s extended scope and robust infrastructure, we are bringing convenience and assurance to each transaction.“With the upgraded MONI App, we are arsenic equipping our agents, galore of whom service smaller communities, with faster tools, greater transparency, and an enhanced idiosyncratic acquisition that volition assistance them turn their businesses portion serving millions of underserved customers.”

EFCC arrests fishy buying slope relationship details

Legit.ng reported that Operatives from the Economic and Financial Crimes Commission's Benin Zonal Directorate person detained Olawole Sunday, a suspected fraudster who specializes successful purchasing slope relationship information from radical successful bid to swindle unsuspecting members of the public.

As portion of Sunday's strategy, young radical were encouraged to registry respective slope accounts, wage N25,000 oregon N50,000 for each account, and stitchery their slope information, including ATM cards and different information.

Under the pretense of dealing successful overseas exchange, Sunday allegedly utilized the relationship accusation of a idiosyncratic named Uyi Godstime Eghosa to cheat a petitioner retired of N2 million.

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Source: Legit.ng