Bank Unveils Upgraded POS Terminal and MONI App to Empower SMEs

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United Bank for Africa (UBA) Plc has launched it’s revamped Point of Sale (POS) Terminal and UBA MONI App, aimed at redefining the digital payment landscape and empowering small and medium-scale enterprises (SMEs) across Africa. This move is part of the bank’s ongoing campaign, “Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.”

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The upgraded POS terminal boasts exciting features designed to boost efficiency, transparency, and trust for merchants, including instant settlement, real-time monitoring, pay-by-link functionality, and a 100% transaction success rate. The terminal is equipped to serve businesses of all sizes, providing speed, reliability, and fast-paced services.

The UBA MONI App has also been modified with new features, including instant settlement, pay-by-transfer options, secret question security, an enhanced inbox, and a redesigned homepage. The app offers instant account opening with BVN/NIN, real-time transfers, cash deposits and withdrawals, airtime/data payments with agent discounts, and instant POS deployment

Speaking on the modified features, UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, said, “At UBA, we are constantly innovating to provide seamless and secure payment solutions for businesses of all sizes. The new UBA PoS and MONI App is designed to empower merchants and agency banking with instant settlements, real-time transaction tracking, and unmatched reliability – ensuring they can focus on growing their businesses with a trusted partner.”

Fashola added, “This next-generation PoS is not just a payment device; it’s a powerful tool that helps businesses stay competitive in a fast-paced economy. With UBA’s extensive reach and robust infrastructure, we are bringing convenience and confidence to every transaction.”

The bank aims to empower SMEs and connect communities through these innovative solutions, providing a trusted partner for businesses to grow and thrive

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