LAGOS, OCTOBER 19, 2016 – United Bank for Africa Plc, Pan-African financial services group, on Tuesday set a new target in the banking sector by announcing an agreement with MyECheck to provide a revolutionary new social commerce payment system called “EmailMoni.”EmailMoni is the world’s newest game changing technology and will dramatically advance the payments landscape in Nigeria and across Africa.
EmailMoni is a next generation payments technology that enables people and businesses to securely send and receive money electronically in real-time and at low cost using a downloadable mobile smartphone app or from a web app.
The EmailMoni web app can be accessed from any mobile device, any browser or any type of internet connected computer.
EmailMoni allows people and businesses to pay and receive electronic payments securely in a number of easily accessible and convenient ways. Users can send and request money instantly using Microsoft Outlook email, or any web mail. Money can also be securely requested and sent using Facebook, SMS text and other methods.
Available on iOS on the Apple App Store and for Android on Google Play, the EmailMoni mobile app for smartphones will over time, interact with a card-less ATM network using Quick Response (“QR”) Code enabling cash to be deposited and withdrawn from the system at thousands of ATM locations in Nigeria and across Africa.
EmailMoni will enable faster more efficient payments for UBA customers who are billers, such as cable and utility companies. Customers can also send and receive secure payments instantly and conveniently, while non-bank customers will be able easily access UBA banking and payment services.
“We are proud to open a new frontier for e-payments in Africa with EmailMoni. This conforms with our desire to continuously deliver innovative and convenient payment options to our customers. Our innovations in the digital banking space have been possible because of our huge investments in building efficient, trustworthy platforms.
We assure our customers that we are committed to continually bring the best in the financial technology space to ensure they always have the best and most convenient banking experience with all our service channels” said Yinka Adedeji, divisional head, Consumer and Digital Banking at UBA.
With a customer base in excess of eight million, UBA has invested heavily in building robust and secure digital banking platforms to facilitate transactions across Africa.
A highly diversified financial services provider, UBA is a leading player on the African continent, with significant market share and operations in 19 different African countries and business offices in New York, Paris and London