By Ayomide Otitoju
United Bank for Africa (UBA) has rolled out upgraded digital platforms aimed at boosting efficiency, security, and customer experience, as part of its ongoing campaign themed “Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.”
The bank’s newly enhanced Point of Sale (PoS) terminals now come equipped with features such as instant settlement, real-time transaction monitoring, pay-by-link functionality, and a 100% transaction success rate—designed to support merchants with speed, transparency, and reliability.
UBA also announced significant upgrades to its MONI App, a key component of its agency banking strategy. The revamped app now includes pay-by-transfer options, secret question security, a redesigned homepage, enhanced inbox, and continues to offer instant settlement—enabling agents to deliver faster and more secure services to customers.
According to UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, the upgrades reflect the bank’s commitment to innovation and financial empowerment.
“At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes,” Fashola said. “The new PoS and MONI App are designed to empower merchants and agents with tools that ensure instant settlements, real-time tracking, and unmatched reliability—allowing them to focus on growing their businesses.”
He described the upgraded PoS terminals as more than just transaction devices, emphasizing their role as powerful business enablers in a fast-paced economic environment.
“With UBA’s extensive reach and robust infrastructure, we’re delivering convenience and confidence to every transaction. Through the MONI App, our agents, many of whom operate in underserved communities, are equipped with the tools they need to deliver value, foster financial inclusion, and grow their businesses.”
The MONI App retains its core features, including instant account opening using BVN/NIN, cash deposits and withdrawals, airtime and data payments with agent discounts, and on-demand PoS deployment.
UBA’s upgraded platforms reaffirm the bank’s position as a leader in digital banking, particularly in driving growth among small and medium enterprises and expanding access to financial services across Nigeria and beyond.
