The United Bank for Africa (UBA) Ghana has launched a package of
ATM valued-added services that include cardless cash withdrawals
whose beneficiaries can be third parties other than the
cardholder.
UBA Ghana CEO and MD Oliver Alawuba told local media that the move is a
part of the bank’s innovation strategy in the Ghanaian banking
industry.
Go deeper with GlobalData
Other value-added services allows UBA customers to pay utility bills, TV
subscription fees and top up mobile credit of their own or third
parties’ phone.
The new ATM services are powered by
mobile banking and payment processing platform e-Tranzact .
According to the
bank, customers are able to use the cardless ATM services through
their mobile phones at the ATM and at a UBA branch filling an
eRemit form.
The recipient of the cash gets an alert of
the transaction and is given an access code at the ATM.
Alawuba said that
branchless banking in Ghana might be the future of the industry in
the country.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
