As part of the bank’s continuing initiative titled “Innovation for Progress,” which aims at empowering Small and Medium Enterprises (SMEs), linking communities, and streamlining banking processes, these enhanced platforms have been introduced.
The enhanced Point of Sale system offers customers greater efficiency and convenience when conducting business transactions. It includes innovative features aimed at increasing productivity, openness, and reliability for traders, such as immediate settlements, live tracking, payment via link capabilities, and a guaranteed 100% success rate for all transactions.
Through this updated offering, clients gain versatility since the kiosks now come with features tailored for enterprises of every scale, delivering swiftness, dependability, and rapid-fire services required by contemporary traders.
The UBA MONI app, aimed at enhancing UBA’s agency banking system, now includes updated features such as immediate settlements, transfer payment options, secret question verification, an improved messaging section, and a refreshed main page—providing both agents and clients with a more user-friendly and secure interface.
In addition to these key functionalities—such as swift account setup using BVN/NIN, immediate fund transfers, cash deposit and withdrawal services, discounted mobile recharge and data purchases via agents, along with prompt point-of-sale activation—the application maintains its core essence.
UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, commented on the enhanced functionalities of both platforms, stating that being an innovative financial entity, UBA constantly seeks contemporary methods to upgrade their services and products. This approach aims to provide clients with exceptional experiences when managing their everyday transactions.
He stated, “At UBA, we continuously strive to offer seamless and secure payment solutions for enterprises of every scale. Our latest UBA Point of Sale (PoS) system coupled with the MONI app aims to equip retailers and promote agency banking through immediate settlements, up-to-the-minute transaction monitoring, and unparalleled dependability—allowing them to concentrate on expanding their ventures alongside a reliable ally.”
He went on, stating, “The upcoming generation of Point-of-Sale systems isn’t merely a payment solution—it’s a potent instrument enabling enterprises to thrive amid rapid economic changes. Leveraging UBA’s broad network and solid foundation, we aim to deliver ease and assurance across all transactions. The improved MONI App further supports this mission by empowering our representatives—often catering to less-populated areas—with quicker resources, increased clarity, and superior usability, aiding both their business expansion and service provision for countless underbanked clients.”
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