Merchant Services
Merchant Services at UBA include POS, Instant Bills Pay, UBA Marketplace & U-Collect
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Merchant Services at UBA
- – POS
- – Instant Bills Pay
- – UBA Marketplace
- – U-Collect
POS
The Point of Sale terminal terminal is a portable device that facilitates payments for goods and services at merchant locations using payment cards issued by Banks.
Features
- Payments for purchase
- Balance Enquiry and End of day
- Accepts all Cards (Visa, MasterCard, Verve)
- Other Value Added Services (Bill Payments, Airtime vending, DCC)
- Accepts International MasterCard & Visa Cards
Benefits
- Increased Sales: Buyers spend more with cards
- Customer Satisfaction: Cardholders will flexibility of payment
- Speed of Checkout: No more queues, no more counting of bills giving change or waiting to write cheques
- Safety: With less cash, you are less valuable to theft and pilfering
- Earn revenue on 'Cash-back' transactions: Buy goods, buy cash
mPOS
The Point of Sale terminal terminal is a portable device that facilitates payments for goods and services at merchant locations using payment cards issued by Banks.
Features
- High-Level Functionality
- EMV/Transaction Business Logic
- Remote Terminal Management
- Audit logs
- SMS Messaging
- Reference User Interface for Merchant Dashboard, Reporting, KPI’s etc
- Reference User Interface for Administration Dashboard and Reporting
- Same Fees as POS applicable
- Multi-Language, Multi-Currency
Benefits
- Small and lightweight
- Lower cost than traditional POS
- Portable and flexible
- Unique encryption key inside each device
- Tamper proof and doesn’t store sensitive data
MCash
mCash is a USSD solution designed to allow UBA Merchants to conveniently receive payments from their customers without actually handling cash. Payers/Customers simply dial *402* merchant code*amount# to make payments.
The Seller will be required to have a Seller Code.
Please contact your account officer or send a mail to cfc@ubagroup.com to generate an mCash merchant code.
QR Codes
Instant Bills Pay
How It Works
- Merchant signs up on Instant Bills Pay to collect payment.
- Merchant receives payment of bills
- Instant Bills Pay collects customer's personal info and contact details
- Instant Bills Pay processes payment of bills for customer
- Instant Bills Pay keeps a record of all bills paid
Why You Should Be On Instant Bills Pay
- Easily accessible online on various platforms ranging from desktops to tablets and mobile devices
- Improved customer satisfaction, as customers will enjoy the flexibility and ease of making payments from anywhere in the world
- Increased brand awareness because you become visible to your customers. They now know where to find you and pay for your services
- Real-time audit trail with facility to view transactions online and ability to customize and download reports in line with your MIS reporting needs
Features
- Multi currency and multi lingual platform
- Customized and downloadable report
- Accessible over the internet, anywhere in the world
- Accept payments at the branch
- Instant transaction notification via emails and SMS
- Compatible with various mobile devices
UBA Marketplace
Features
- Increased sales revenue
- Brand promotion via a micro-site where you can sell
- Nation-wide delivery of product sold via our partnership with a local logistics company
- Convenient and offers merchants the ability to increase the number of satisfied customers who are able to shop 24/7 regardless of location
- General cost reduction for the merchant in terms of cost of developing, managing and promoting an eCommerce website whose expenses can be in excess of $300,000 per annum
- Access to sales/customer reports to help guide decision making
Product Attributes
- Ease of managing platform on mobile using the UBA Marketplace mobile app
- Several payment options such as cards, account, Escrow and mobile money
- Order fulfilment and logistics powered by DHL
- Marketing and promotions targeted at acquiring and retaining the right customer
Why Sell On UBA Marketplace?
- Reach a wider audience - Internet penetration continues to rise. As at June 2016, there were 97 million internet users in Nigeria approx. 52% of the population
- Cost Effective - UBA Marketplace offers an effective, low cost channel for SME's in Nigeria to drive sales online through new customer acquisition and retain existing customers
- Leverage on the support of a trusted bank like UBA with over 12 million customers
- Create your store URL to share with your customers
- Auto post your products on Facebook and sell from your business page. There are over 16 million Nigerians on Facebook
- Secure transactions using one of the highest Secure Socket Layer Encryption on the platform and our payment gateway which is PCIDSS compliant
U-Collect
U-Collect is a Consolidated Internet Payment Gateway Solution which integrates multiple payment solutions available in Nigeria – VISA, Verve, MasterCard and e-Tranzact.
Features
- Simplified integration processes
- Possible integration with corporate core business application if required
- Possible instant email/SMS notification (on phones of authorized personnel)
- Supports multi-currency: dollar, pounds, naira euro, etc
- Real-time comprehensive, searchable and downloadable reports accessible by authorized personnel as specified by Corporate
Benefits
- Simplified integration processes
- 24/7 support through our customer interaction centre
- A robust and scalable collection platform
- Audit trail for transactions on the platform
- Allows globally accepted means of payment - VISA and MasterCard
- Secure means of collection
- Reduced Collection Cost
- Integration cost - NIL (no cost of deployment to the customer)
- Transaction cost - There is a transaction cost of 1.5% / Transaction (subject to a maximum of ₦2,000)
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