United Bank for Africa (UBA), a leading pan-African financial services institution with a global footprint, says it has upgraded its point of sale (POS) terminals and revamped its UBA MONI banking app with the aim of accelerating digital payments.
UBA says the move aims to redefine the digital payment landscape and empower small and medium scale enterprises (SMEs) across Africa.
The newly improved POS offering boasts a number of features designed to boost efficiency, transparency and trust for merchants including instant settlement, real-time monitoring, pay-by-link functionality, and a 100% transaction success rate.
The terminals have been equipped to serve businesses of all sizes. The UBA MONI app, which is designed to further strengthen UBA’s agency banking network, has also been modified; new features include instant settlement, pay-by-transfer options, secret question security, an enhanced inbox, and a redesigned homepage.
This is in addition to its core features of instant account opening with bank verification number (BVN) and national identification number (NIN) real-time transfers, cash deposits and withdrawals, airtime/data payments with agent discounts, and instant POS deployment.
United Bank for Africa is one of the largest employers in the financial sector on the African continent, operating in twenty African countries, the UK, the US, France and the UAE. UBA provides retail, commercial and institutional banking services.
The bank says its continued investment in digital infrastructure aligns with its broader commitment to supporting African businesses through technology-driven banking solutions that deliver value, scalability and trust.
