One of Nigeria’s major financial institutions, the United Bank for Africa (UBA) Plc has launched an extensively upgraded version of its U-Mobile mobile banking platform. According to the bank, the new platform is more advanced and user-friendly than the previous one.
Divisional Head, Digital Banking, UBA, Dr. Yinka Adedeji, added the new U-Mobile is an entirely new platform.
“It is not just an upgrade of the old but a new application with enhanced features that easily sync with a range of mobile devices such as iPhone, iPad, Android devices, or BlackBerry. The aim is to offer quick and easy banking at your fingertips, no matter where you are or the time of the day,” Adedeji said.
According to information gathered by Innovation Village, the new platform has a marketplace where SMEs can own virtual stores.
The bank is also introducing cardless transactions to ensure that U-Mobile customers can withdraw money from UBA ATMs even without their payment cards.
Other U-Mobile features include its capacity to validate beneficiaries of cash transfers before a transfer is made, ability to create favourite beneficiaries’ list to ensure that details of frequent beneficiaries are automatically listed, and easier log-in and sign-up screens to improve user experience.
“A lot of effort has been put into developing the new U-Mobile. It is very user-friendly and will transform your banking habits in ways you never imagined possible. The new U-Mobile which is already available for download on App stores compliments U-Direct, UBA’s advanced internet banking platform which also has the self-enrolment capability.
“Both applications run on the bank’s recently upgraded banking platform “Finacle 10x” launched in April 2015 to address the need of customers for efficient, secure and a fast banking platform. With a customer base in excess of eight million, UBA has invested heavily in building robust and secure digital banking platforms,” Adedeji concluded.
