United Bank of Africa (UBA) has announced the introduction of SmartMoney and alternative payment channels to deepen cashless policy programme of the Central Bank of Nigeria.
The bank said it has introduced Value Added Services (VAS) on its Point of Sale (POS) terminals and rolled out Smart Money prepaid cards.
The bank said the service has been rolled out with selected merchants and plans are underway to complete the deployment by December.
It said with the development, cardholders can now pay their electricity bills, TV subscription, telecoms tariffs, utility companies, schools fees, government fees, bet, pay taxes and dues as well as buy airline tickets on the bank’s PoS termini across the country.
The SmartMoney prepaid card are for customers in Nigeria, Ghana, Kenya and Burkina Faso. SmartMoney prepaid card would become available by early 2015 in all the 19 countries across Africa where the bank is operating, according to UBA.
Dr. Yinka Adedeji said Divisional Head, e-banking of the UBA Group, said “Smartmoney comes as a prepaid card that is easy to use, convenient and safe, with chip and PIN technology, you can load up and explore every corner of the globe and web the easy, convenient way”.
“SmartMoney also gives you an all time online access to the visa travel planner, with which you can create your very own travel guidebook using Lonely Planet content, Visa offers and ATM locations”,he adds