The initiative is part of UBA’s broader campaign themed Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking. The focus is clear: to empower businesses with cutting-edge tools that simplify banking and expand access to secure and efficient financial services.
New Features to Transform Merchant Experience
The revamped UBA POS terminal is equipped with features aimed at delivering reliability, speed, and efficiency for today’s fast-paced business environment. Among the notable enhancements are:
- Instant Settlement – Merchants receive funds immediately, improving cash flow.
- Real-Time Monitoring – Users can track transactions as they happen.
- Pay-by-Link Functionality – Offers greater flexibility in customer payments.
- 100% Transaction Success Rate – Ensures high reliability and reduced transaction failures.
Designed to serve businesses of all sizes, the POS terminal delivers a smooth, seamless payment experience that enhances customer trust and boosts merchant productivity.
UBA MONI App: Enhanced for Greater Reach and Impact
The UBA MONI App, central to the bank’s agency banking strategy, has also received a major upgrade. In addition to its core features—such as instant account opening via BVN/NIN, real-time transfers, cash deposits and withdrawals, and airtime/data purchases with agent discounts—the app now includes:
- Instant Settlement for Transactions
- Pay-by-Transfer Options
- Secret Question Security for Enhanced Protection
- Improved Inbox for Transaction Notifications
- A Redesigned, User-Friendly Homepage
These new features are aimed at delivering a more intuitive, secure, and efficient experience for agents and their customers, particularly in underserved and remote areas.
Driving Growth Through Digital Innovation
Commenting on the new developments, UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, highlighted the bank’s dedication to innovation and customer-centric solutions.
“At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes,” he said. “The new UBA POS and MONI App are designed to empower merchants and agents with tools that offer instant settlements, real-time transaction tracking, and unmatched reliability—ensuring they can focus on growing their businesses with a trusted financial partner.”
Fashola further emphasized the transformational potential of the newly enhanced platforms. “This next-generation POS is more than a payment device—it’s a business growth enabler. And the MONI App now equips agents, many of whom are the financial lifeline of their communities, with advanced tools to deliver better services and scale their impact.”
A Step Forward for Financial Inclusion
With its expansive network and robust digital infrastructure, UBA is reinforcing its role as a leader in Africa’s financial services landscape. The upgraded digital tools are poised to play a vital role in extending banking services to millions, fostering entrepreneurship, and accelerating financial inclusion across urban and rural areas alike.
By empowering SMEs and local agents with modern, user-friendly technology, UBA is not only enhancing day-to-day transactions but also laying the foundation for long-term economic development and a more inclusive financial ecosystem across Africa.