UBA Unveils Upgraded POS Terminal and MONI App to Empower SMEs
Enhancing Digital Payments for Businesses
United Bank for Africa (UBA), Africa’s Global Bank, has launched significant upgrades to its Point of Sale (POS) Terminal and UBA MONI App to revolutionize digital payments and support small and medium-scale enterprises (SMEs).
Key Features of the Upgraded POS Terminal
The enhanced POS terminal introduces advanced functionalities to improve efficiency, transparency, and trust for merchants. Key upgrades include:
- Instant settlement for faster transactions
- Real-time monitoring for better financial tracking
- Pay-by-link functionality for seamless payments
- 100% transaction success rate for reliability
The upgraded terminal is designed to serve businesses of all sizes, meeting the demands of today’s fast-paced commercial environment.
Enhanced UBA MONI App Features
The UBA MONI App, a cornerstone of UBA’s agency banking network, now offers:
- Instant settlement capabilities
- Pay-by-transfer options
- Enhanced security with secret question verification
- Redesigned homepage for better user experience
The app retains its core features, including instant account opening with BVN/NIN, real-time transfers, and airtime/data payments with agent discounts.
Commitment to Innovation and Customer Experience
Shamsideen Fashola, UBA’s Group Head of Retail and Digital Banking, emphasized the bank’s dedication to innovation:
“At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes. The new UBA PoS and MONI App are designed to empower merchants with instant settlements, real-time transaction tracking, and unmatched reliability.”
Fashola added that the upgraded platforms serve as powerful tools to help businesses remain competitive while expanding financial inclusion in underserved communities.
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