Business
Cashless Policy: UBA Introduces New Service
The United Bank of
Africa (UBA) Plc has made public the introduction of Value Added Service (VAS) on its point of sale (POS) terminals in line with the Central Bank of Nigeria’s cashless policy.
The bank in a statement made available to The Tide explained that the new service on UBA POS terminal would enable UBA and non UBA card holders to make payments for services such as, airtime purchase, cable subscription, electricity, water and other bill payment.
The statement said that the service had already been rolled out with selected merchants with plans to conclude deployment next month.
According to the statement, the bank has thousands of POS terminals deployed across Africa, as the consumers can now pay their bills using the service.
Also the bank has announced the introduction of smart money prepaid card, which enables holders do on line shopping, travel among others.
The statement said the card would initially be issued in Nigeria, Ghana, Kenya and Burkina Faso, adding that in 2015 it will be in all the 19 countries across Africa where it has operation.
Smart money card, according to the statement, is widely accepted in more than 1.6 million visa ATMs worldwide, 24 hours a day and seven days a week. The prepaid card can also be linked to UBA’s popular mobile banking platform U-Mobile, which enable holders to access banking services on their phones no matter where they are in the world.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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