Tag: UBA
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UBA wins Annual Banker Awards
R-l: Ebele Ogbue, Managing Director, UBA Europe; Charles Aigbe, Divisional Head, Marketing and Corporate Relations, UBA; and Fiona Bruce of the British Broadcasting Corporation (BBC) at the Annual Banker Awards in London where UBA won Bank of the Year in Africa and other country awards for Senegal, Gabon,Cote D’Ivorie and Sierra Leone. -
UBA makes shopping easy for cardholders
The biggest shopping weekend is around in the United States of America and pan-African bank, United Bank for Africa (UBA) Plc has put in place plans to ensure all its card holders are able to take advantage of the huge discounts that will be on offer from the comfort of their homes in Nigeria.
Called America’s annual holiday shopping frenzy, “Black Friday” is the Friday following Thanksgiving Day in the United States, which is usually held on the fourth Thursday of November annually and is often regarded as the beginning of the Christmas shopping season and marked with huge discounts on all items on sale by major retailers across America.
This year’s Black Friday sales fall on November 28, but sales are expected to start early on Thanksgiving Day on Thursday November 27, 2014 and extend throughout the Black Friday weekend and into Cyber Monday. Cyber Monday is the Monday after Thanksgiving Day in America and was created by marketing companies to encourage Americans to shop online.
The Black Friday weekend to Cyber Monday has become the busiest shopping days in America with billions of dollars of deals executed in stores and online.
To ensure that UBA’s Nigerian and African customers do not miss out on the huge deals that will be up for grabs from Black Friday to Cyber Monday, UBA has gone into partnership with Shoptomydoor, a service of American AirSea Cargo, that allows Africans, individuals and business owners, shop from thousands of stores in UK, U.S.A and China have the items delivered to their door steps in Nigeria or anywhere in Africa.
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UBA, MasterCard partner on e-payments
MasterCard and United Bank for Africa (UBA) Plc have completed a multi-country licensing project that will see the lender accept and issue MasterCard prepaid, debit and credit cards in 14 countries across sub-Saharan Africa.
Through the partnership, 14 of UBA’s 19 subsidiaries across sub-Saharan Africa, will gain access to MasterCard payment solutions, and by so doing, enjoy the security and convenience of electronic payments.
A statement from the bank said MasterCard will leverage its footprint to enhance the adoption of cashless payments in a wider geographical region across Africa.
The UBA is licensed to accept and issue MasterCard products in Cameroon, Chad, Democratic Republic of Congo, Gabon, Ghana, Guinea (Conakry), Kenya, Liberia, Mozambique, Republic of Congo (Brazzaville), Sierra Leone, Tanzania, Uganda and Zambia. Prior to the completion of the deal, United Bank for Africa was licensed to issue MasterCard payment products in Nigeria.
Deputy Managing Director and CEO, UBA Africa, Kennedy Uzoka said: “This collaboration is a reflection of our vision, which is to be Africa’s bank of choice for the provision of innovative financial products and services. We understand the significance of partnerships, and what we have with a global player such as MasterCard, is an integral part of achieving our vision for Africa.”
Division President, sub-Saharan Africa, MasterCard, Daniel Monehin, said: “MasterCard’s commitment to Africa means that we continue to work with various partners in the financial services sector to continually develop products that help consumers make the shift from the use of cash, to the adoption of electronic payments, which hold numerous benefits for them.
“We are proud to partner UBA, whose growing footprint in sub-Saharan Africa, also means that the financially underserved will be brought into the financial services fold owing to the development of diverse and relevant products and services.”
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Uba boosts Falcons with N10m
• Players receive N5m, coaches N2m, NFF N3m
• Charges team to win World Cup in Canada in 2015Chairman of Capital Oil and Gas who also double as the Chairman of Transformation Ambassadors of Nigeria (TAN), Dr. Ifeanyi Uba has showered a total sum of N10 million on the victorious Super Falcons that beat Cameroun 2-0 in the final of this year’s edition of Africa Women’s Championship (AWC) to win their seventh title out of nine.
Just after meeting with President Goodluck Ebele Jonathan on Wednesday during the Federal Executive Council where the team presented the AWC Trophy to the Nigerian sports loving President, the team proceeded to the TAN boss residence in Maitama to attend a grand reception organized by Uba who is also passionate about football.
In a speech delivered on his behalf by the Director of Communication and Strategy TAN, Udenta O.
Udenta, Uba said he has vowed not to make any public speeches until President Goodluck Jonathan declare his intention to run fore second term as the President of the nation. He, however, directed Udenta to deliver the speech on his behalf.
“Your exploits and subsequent victory as African Women’s Championship (AWC) winner at the just concluded tournament in Windhoek in Namibia is one of the best development in Nigeria in recent times.
“This is more so as your victory came at a time when peace is most needed, given the fact that soccer is one of the most unifying factors in any society all over the world. We at Transformation Ambassadors of Nigeria (TAN) see your victory as the outcome of the can do spirit of Nigerian youths which has made you to demonstrate great zeal, uncommon patriotism and an insurmountable tram-spirit throughout the tournament.
“It is gratifying to note that Nigerian youths have gracefully imbibed President Goodluck Jonathan’s winning sprit which has made him to record tremendous achievement in his Transformation Agenda Programme.
“It’s worthy of note that TAN has been in the fore front of sports sponsorships in Nigeria. In the last world cup in Brazil TAN sponsored some youths to the event. We hope that you will continue in this spirit until you come back home with the female World Cup next year from Canadayear . TAN will be on ground in Canada to support you at the next World Cup “, Uba assured.
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UBA Capital inaugurates trading portal
UBA Capital at the weekend , launched an online trading platform with real time investment account funding role.
The platform, investnow.ng, allows investors to fund their investment accounts directly and instantly, without going through an account officer in the option of a client-company funds lodgment.
It also provides a live price feed (intra-day) for listed stocks, enabling investors to make informed decisions based on the latest data.
Speaking at the Nigerian Stock Exchange (NSE), UBA Capital Group Chief Executive Officer (CEO) Oluwatoyin Sanni praised the milestone, saying “since UBA Capital was founded our mission has been to develop the capital markets in Nigeria in order to give the investing public the confidence to invest actively. The platform combines world class technology with a robust client data protection and security framework in order to give our clients a seamless experience when processing transactions. Our clients will have access to research materials to make informed investment decisions.”
He said UBA Capital’s clients will be able to manage their portfolios online on mobile devices, tablets, laptops and desktop computers.
By making investing in Nigeria quicker and simpler, Sanni said, the platform will unite it with its customers.
Managing Directors such as Wale Shonibare (UBA Capital Investment Banking); Tokunbo Ajayi (UBA Capital Trustees); Modupe Mujota (UBA Capital Asset Management) and Jude Chiemeka (UBA Capital Securities Trading) also supported the platform.
They said innovation remains a key driver for all the businesses within the group to continue to provide outstanding quality of service and value to customers.
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UBA, pay me my money
SIR: I am currently a member of the National Youth Service Corps (NYSC) serving Abuja. On August 3, I attempted cash withdrawals with my UBA MasterCard from the UBA branch opposite Central Bank of Nigeria (CBN), Makurdi for which I was debited N5,000 even though the Automatic Machine Teller (ATM) did not dispense the cash.
I know it is small money but it matters a lot to me because it’s my sweat.
I have gone to UBA branches in Keffi and Abuja, filled all manners of forms to no avail. I even called their head office but up till now I have not been refunded the money. It’s now over one and half months since the incident took place. This has caused me lots of inconveniences. Please, how do I get UBA to refund my money?
Opaluwa Omera ,
Abuja
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Loyalty reward for UBA Verve cardholders
UNITED Bank for Africa (UBA) Plc in partnership with Verve International has launched an offer tagged: ‘UBA Verve Rewards’ in which cardholders could win e-cash, free airtime, Nokia mobile phones and up to N35,000 cash.
Speaking on the promotion, Mr. Charles Ifedi, CEO, Verve International, expressed his delight in partnering with UBA to reward new and old Verve cardholders.
“As Nigeria’s leading payment card brand we are always looking for ways to improve our offer and encourage card pick-up and usage so that everyone can benefit from a cashless society” he said.
He also promised that UBA Verve cardholders will benefit from exciting gifts by activating and using their cards across all channels.
“Cardholders can use their Verve cards to make payments securely in-store at POS terminals, online and on mobile, and at ATMs across the country. The reward scheme is primarily to encourage the use of the Verve Debit Card for local or domestic web and POS payments and also VAS (value added service) transactions on the ATM,” he explained.
Dr. Yinka Adedeji, Divisional Head, e-Banking assured UBA customers that using UBA Verve Cards is safe and secure.
“UBA Verve Debit Card is protected with best in its class technology for online and offline security. It is fortified with the One Time Password (OTP) advanced security feature for online transactions” he said.
Dr. Adedeji explained that “UBA Verve cardholders can also access a selection of offers and experiences ranging from cash back to instant discounts, vouchers among others through the Verve reward scheme powered by Verve International and supported by various reward partners”
Cardholders, who use their UBA issued Verve cards to initiate a minimum of five POS or VAS (value added service) transactions on the ATM worth N1, 000 or more, would stand a chance to win N1,000 airtime.
Cardholders, who do transactions worth N2,000 or more on these channels stand a chance to win N3, 000 airtime plus mobile phones.
Value added Services (VAS) on an ATM is when UBA customers use the ATM to pay for transactions like phone bills, cable TV bills or transfer funds from their UBA bank account to another.
Also a minimum of 40 customers, who on a monthly basis, initiate a minimum of five POS transactions or Web transactions valued at a minimum of N10, 000 or more would win N5, 000 top up on their e-cash account.
A grand reward of monthly cash back of N35,000 for will be won by 10 cardholders who initiate transactions at any Verve Reward Merchant location valued at a minimum of N2, 000 or more.
The promotion has created excitement among UBA customers with many of them using or reactivating their Verve Cards to stand a chance of winning the attractive prizes on offer.
Verve is a home grown African payment card used by millions of Nigerians daily for payment for goods and services.
UBA, with more than seven million retail customers, is a major issuer of payment cards in the country. The bank issues Verve Card, MasterCard, Visa cards. UBA also pioneered the issue of prepaid cards in the country, which can be used without a bank account.
UBA’s innovation in the e-banking space recently earned it the distinction of being named ‘Best Transaction Bank from Africa’ by UK based ‘The Banker Magazine’ and is also nominated for the ‘Card Innovation Bank of the Year’ in the forthcoming Nigerian Telecom Awards
The UBA Group is a highly diversified financial services provider, one of the largest financial institutions in Africa, with business offices in New York and Paris and a subsidiary in London. The bank controls significant market share in 19 different African countries.
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UBA bags award
The innovations by United Bank for Africa (UBA), in providing convenient banking platforms for individuals and businesses have received global endorsement and recognition.
The bank has been named the “Best Transaction Bank” from Africa in 2014 by UK based magazine The Banker. The honour was hinged on the lender’s e-banking platforms that have positively changed the way businesses manage their cash flow, payments, collections, liquidity, trade and value chain management across their business operations in Africa.
According to the magazine, the judges were impressed by the bank’s clear demonstration of the improvements made to its transaction services business. Transaction Banking Editor of the The Banker magazine, Jane Cooper further said “the judges looked at entries that demonstrated a clear strategy, as well as improvement and progress in the last 12 months. Investment in technology was not the deciding factor, but rather improvements that are of real value to the bank’s customers“.
Chief Executive Officer, UBA Group, Phillips Oduoza welcomed the announcement, noting that the endorsement validates the concerted efforts to ensure the bank’s customers across the continent, are offered the best and most convenient solutions that are most critical to their business processes.
He said: “Our U-Direct Corporate offers a single platform solution for cash management to assist businesses and government in Africa to make payments, collections, manage cash easily, and even do trades. It has been well received because of its flexibility, automation, ease of doing business and cost savings. A unique aspect of this product is that it allows busy executives to approve requests and view balances on their mobile devices.”
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UBA inaugurates e-payment portal
United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills.
A statement from the bank said, the product would boost e-commerce in Africa. The lender said the online payment platform has been enabled in all the 19 countries where it has operations.
It explained that U-bills, is a collection and bill payments platform that allows sellers to collect payments online or on their mobile devices like tablets and smart phones. It also provides a one-stop platform for customers to make payments for goods and services on their mobile phones, tablets or personal computers as long as they have an internet connection on the devices.
“The uniqueness of the U-Bills platform is that it is a single payment gateway where all forms of remittances to different merchants can be made. It is not a single-merchant platform. All merchants can register on U-Bills to receive payments for goods and services. Also, anyone can go online and register to make payments for goods and services bought” the bank’s Divisional Head, e-banking Yinka Adedeji said.
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UBA chief urges banks on capacity
The Group Managing Director/CEO, UBA Plc Mr. Phillips Oduoza has called on financial institutions in Africa to seize the opportunity provided by the President Obama led US-Africa Business Leaders Summit and the enthusiasm about Africa, to boost capacity.
According to him, much of the challenges of financing growth and development on the continent lie in the hands of financial institutions, working in collaboration with international development finance institutions, investors, and private equity firms particularly from the US .
Speaking in Washington DC , the UBA boss said the three-day summit will impact positively on helping to change the information asymmetries about Africa in the US and the rest of the world. Beyond the negative press about the continent in the western media, he said there are a lot of positive developments in Africa , with stable democracies in most countries, improved business climates and abundant investment opportunities in agriculture, power, transportation, telecommunications, energy and other sectors.
“As one of the largest banks on the continent, with operations in 19 African countries, we have made huge investments in these countries and have continued to grow our business as well as contributing to the finance and developmental needs of these countries” he stated.
Describing the summit as the largest gathering of investors, financiers, businessmen and political leaders from Africa and the US.