United Bank for Africa (UBA) Plc has announced incentives to encourage its customers to use electronic channels for their transactions in
Tagged: “UBA Cashless December,” the initiative according to a statement from the bank is aimed at encouraging non-cash transactions, in line with the Central Bank of Nigeria’s (CBN’s) cashless policy.
It explained that beginning from today to December 31 2014, its customers that carry out transactions on its U-Mobile, U-Direct or pay with their cards on the web and PoS would have a chance to win prizes.
In addition, the bank stated that cardholders who use its ATM value-added services such as bill payment, airtime top up and funds transfer are also eligible.
It listed the prizes to be won to include iPhone 6, airtime for phones, movie tickets, and shopping vouchers. These incentives are for new and existing UBA customers.
“Going cashless during this festive period is not only convenient, but it also enhances your personal safety and protects your hard earned money,” the bank’s Divisional Head of e-Banking, Dr. Yinka Adedeji
He also noted that “going cashless means customers abstaining from all forms of cash transactions and embracing e-Banking.
“UBA’s highly secure mobile banking platform, U-Mobile, enables customers carry out about 90 per cent of all their regular banking transactions on their phones.
“U-Mobile customers can do funds transfer from their UBA accounts to any bank in Nigeria. Customers can also pay different bills, including air time top-up, cable subscription and transfer funds to loved ones for the festive season.”
He also described the U-Direct as UBA’s internet banking platform that enables customers do most of their transactions from a desk top computer, laptop or tablet from any location and at anytime.
“Foreign exchange transfer has been introduced on this platform making it easy to send money across the world without visiting the bank,” he added.
Meanwhile the Bank has swept the global banking awards in London Thursday, winning in five categories to become one of the highest single winning bank brands at this year’s awards.
During the event, organized annually by The Banker magazine, UBA was voted ‘Bank of the Year in Africa’ for 2014, trumping others to win the highly coveted award for pan-African bank brands. This is the second time in three years that UBA Plc has won the prestigious award; the first time was in 2012. Four country subsidiaries of UBA Group in Sierra Leone, Gabon, Senegal and Cote D’Ivoire also won “Bank of the Year” for their respective countries, reflecting a brand excellence that cuts across national bounds and pervades the continent. UBA Senegal won the award for the third consecutive year, having won in 2012 and 2013.
Group Managing Director/CEO for UBA Plc, Phillips Oduoza, said, “winning this award twice in three years is a recognition of our commitment to delivering excellence and our consistent achievement of that goal. We remain focused on the realization of our strategi intent of becoming “Africa’s Global Bank” and continue to explore opportunities in markets and sectors across the continent that will enable us achieve this intent,” said Mr. Oduoza.
A publication of the Financial Times newspaper, The Banker is a global financial intelligence magazine that provides global bank ratings and analyses and is the definitive reference on international banking for high level decision makers globally. According to the magazine, the aim of the award ceremony “is to highlight industry wide excellence within the global banking community.”
One winning bank is selected from participating banks in each of the 120 countries from which entries are received for the competition.
Associate Publisher of the magazine, Philip Church, stressed that UBA’s performance at the awards is a testimony to the trust the bank’s clients have placed on the bank and its operations over the year. “Being named as Bank of the Year in your own country by the world’s longest running international banking title is testament to the strong management, sound business model and prudent risk approach of your bank” said Mr. Church.
Only last September, UBA won ‘Best Transaction Bank from Africa’. The award which focuses on transaction banking does not only recognizes banks that have mad improvements to their investments in technology, but more importantly how these improvements are of real use to the bank’s customers, noted Jane Cooper, Transaction Banking Editor at The Banker.