UBA PoS MONI Upgrade: Bank launches enhanced PoS terminals and MONI App with instant settlements and advanced features, empowering SMEs and agency banking networks
[dropcap]U[/dropcap]nited Bank for Africa (UBA) has unveiled upgraded versions of its Point of Sale (PoS) terminals and MONI App, as part of its ongoing “Innovation for Progress” campaign, aimed at empowering Small and Medium Enterprises (SMEs) and connecting communities through simplified banking solutions.
Also read: UBA launches Afrigo card to boost financial inclusion in Nigeria
The newly improved PoS terminals are designed to provide merchants with enhanced efficiency, transparency, and trust, featuring instant settlement, real-time monitoring, pay-by-link functionality, and a 100% transaction success rate.
These terminals are tailored to serve businesses of all sizes, offering the speed and reliability demanded in today’s fast-paced market.
The UBA MONI App, which strengthens the bank’s agency banking network, has also been modified with new features, including instant settlement, pay-by-transfer options, secret question security, an enhanced inbox, and a redesigned homepage.
These additions build upon the app’s core functionalities, such as instant account opening via BVN/NIN, real-time transfers, cash deposits and withdrawals, airtime/data payments with agent discounts, and instant POS deployment.
Shamsideen Fashola, UBA’s Group Head, Retail and Digital Banking, emphasized the bank’s commitment to innovation and customer satisfaction.
“At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes,” Fashola stated.
“The new UBA PoS and MONI App are designed to empower merchants and agency banking with instant settlements, real-time transaction tracking, and unmatched reliability – ensuring they can focus on growing their businesses with a trusted partner.”
Fashola highlighted the next-generation PoS as a powerful tool for businesses to stay competitive. “This next-generation PoS is not just a payment device; it’s a powerful tool that helps businesses stay competitive in a fast-paced economy.
With UBA’s extensive reach and robust infrastructure, we are bringing convenience and confidence to every transaction.”
He also noted the upgraded MONI App’s role in supporting agents and serving underserved communities. “With the upgraded MONI App, we are equally equipping our agents, many of whom serve smaller communities, with faster tools, greater transparency, and an enhanced user experience that will help them grow their businesses while serving millions of underserved customers.”
Also read: Four UBA officials arrested for alleged diversion of over £138,000
These upgrades underscore UBA’s dedication to leveraging technology to enhance financial inclusion and support economic growth across Nigeria.
Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.
