United Bank for Africa (UBA) Plc, on Friday in Lagos, committed to
delivering superior and innovative banking solutions to its over 20
million customers around the 20 African countries where it was present
The bank unveiled some products that would drive its retail banking
business as well as aid customers and non-customers to perform unlimited
transactions in Nigeria and Africa.
The Group Head, Retail Liabilities of UBA, Mrs Ogechi Altriade, spoke on
the products at a virtual media parley, with journalists participating
across Nigeria and Africa.
She said that the bank had come up with a “kiddies products and
proposition” that would support parents to save toward their children’s
education.
Altriade said the bank also supported the kiddies through scholarships
and periodically allowed parents to participate in the scholarship
draws.
This, according to her, is a way of helping them see their children
through school.
She said that the bank had come up with a product, “Face of our Next
Gen” proposition, with Wizkid as a role model and an ambassador.
This is to bring forth vibrant youth to embrace the proposition.
Altriade said that the UBA retail banking businesses also catered for
the “Mass Market” segment, where it had its largest population of
people.
The mass-market segment is majorly targeted at average and low earners
According to her, the bank has also come up with a segment for SMEs
known as “SME Banking ”.
She said that this product does not just cater to individuals but Micro
Small and Medium Enterprises.
The bank offers financial and non-financial services to them, she said.
Altriade said that the bank’s retail banking also catered for people in
the Diaspora.
“We have UBA connect products that give you access to all the countries
where UBA is present.
“We also have our Africash products where customers and non-customers
can have access to it,” she said.
She also said the UBA Agency Banking segment was designed to bring the
underbanked and unbanked into the system.
She said:” with UBA Agency banking, they are able to leverage on the
platform to reach out to people in the remote areas”.
Altriade listed some innovations that the bank had used to drive its
retail banking.
She cited Mobile Banking solutions, USSD Banking, Leo Chat Box, UBA
Click Credit, among others. (NAN)