The emphasis by United Bank for
Africa (UBA) on providing convenient banking platforms for customers to carry out their banking transactions with ease has earned it an award as the Best Transaction Bank in Africa.
Africa (UBA) on providing convenient banking platforms for customers to carry out their banking transactions with ease has earned it an award as the Best Transaction Bank in Africa.
Phillips Oduoza-GMD/CEO, UBA Group
UBA is known for its cutting edge e-banking platforms including; U-Mobile, a mobile banking application and U-Direct-an internet banking application, which serves both individual and corporate customers. The bank also offers different e-banking options to its customers.
In naming UBA the “Best Transaction
Bank” from Africa in 2014 by UK
based magazine; “The Banker” said it was because of UBA’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.
Bank” from Africa in 2014 by UK
based magazine; “The Banker” said it was because of UBA’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.
judges were impressed by the Bank’s clear demonstration of the improvements
made to its transaction services business.
Jane Cooper, Transaction Banking
Editor of the “The Banker” magazine, 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 “.
Editor of the “The Banker” magazine, 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 “.
Phillips Oduoza, GMD/CEO of the UBA
Group, 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.
Group, 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.
“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”, he stated.
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”, he stated.
Also speaking on the award, Yinka
Adedeji, Divisional Head, e-Banking explained that the Bank has been able to
inventively apply technology to help both small and big businesses in Africa boost productivity and significantly reduce
operating costs, thereby enhancing their competitiveness in a highly
challenging business environment.
Adedeji, Divisional Head, e-Banking explained that the Bank has been able to
inventively apply technology to help both small and big businesses in Africa boost productivity and significantly reduce
operating costs, thereby enhancing their competitiveness in a highly
challenging business environment.
As a highly diversified financial
services provider and one of the largest financial institutions in Africa, with
offices in New York, London
and Paris, the
UBA Group has strong retail penetration across the African continent with more
than 7 million customers.
services provider and one of the largest financial institutions in Africa, with
offices in New York, London
and Paris, the
UBA Group has strong retail penetration across the African continent with more
than 7 million customers.
These customers enjoy a bouquet of products and
services tailored to meet their different financial needs and backed by a
cutting edge e-banking platform that offers secured and convenient real-time
online banking services.
services tailored to meet their different financial needs and backed by a
cutting edge e-banking platform that offers secured and convenient real-time
online banking services.
