UBA Launches Enhanced PoS Terminals and MONI App to Boost SME Banking and Digital Payments
April 16, 2025 – By SpringNewsNG Media Limited
The bank, in a statement issued on Sunday, announced that these digital improvements are part of its broader initiative titled “Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.”
Modern Features for a New Age of Business
The newly enhanced PoS system now offers a host of features designed to streamline operations and build customer confidence. These include:
- Instant fund settlement
- Real-time transaction monitoring
- Pay-by-link capability
- Guaranteed transaction success
These upgrades are tailored to meet the needs of businesses of all sizes, offering speed, dependability, and seamless operations, particularly for today’s fast-moving retail environment.
Revamped UBA MONI App for Agents and Customers
The UBA MONI App, which plays a central role in the bank’s agency banking model, has also been overhauled with several new tools to support its vast network of agents and customers. The updated features include:
- Immediate settlement of transactions
- Secure pay-by-transfer options
- Enhanced security via secret question
- Redesigned homepage for better navigation
- New inbox interface for streamlined communication
These additions complement the app’s existing features like quick account creation using BVN/NIN, instant money transfers, cash deposit/withdrawal services, airtime and data top-ups, and agent-exclusive discounts—all of which are central to UBA’s push for financial inclusion.
UBA Reaffirms Its Innovation-Driven Approach
Commenting on the latest improvements, Shamsideen Fashola, UBA’s Group Head of Retail and Digital Banking, emphasized the bank’s focus on providing state-of-the-art solutions for modern businesses.
“UBA continues to lead the way in creating secure, seamless digital payment experiences for merchants and agents alike. Our upgraded PoS terminals and MONI app are essential tools for business growth, enabling users to manage transactions efficiently with real-time updates and unmatched reliability,” Fashola said.
He added that the next-gen PoS is more than a payment device—it is a comprehensive business companion in today’s fast-paced economic environment. Meanwhile, the refined MONI App equips agents in rural and underserved areas with improved tools to deliver essential banking services and reach millions of customers with greater speed and ease.
