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.