View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
January 18, 2016

United Bank of Africa partners with Visa to launch Smartmoney card and app in Kenya

Nigeria-based United Bank of Africa (UBA) has partnered with Visa to roll out SmartMoney service, which comprises a prepaid card and a mobile app, in Kenya.

By Verdict Staff

Nigeria-based United Bank of Africa (UBA) has partnered with Visa to roll out SmartMoney service, which comprises a prepaid card and a mobile app, in Kenya.

The banking solution, which targets the young generation, will allow users to make purchases, perform online transactions and withdraw cash from ATMs.

The app, which has been rolled out in Nigeria, Ghana and Kenya, also allow users to check card balances, track and budget their expenses or send and receive funds between SmartMoney cardholders.

The bank also plans to launch SmartMoney service in other African markets this year.

UBA Africa deputy managing director and CEO Kennedy Uzoka said: "The SmartMoney prepaid card allows young people to enjoy all the features of a bank account and the minimal costs associated with the prepaid card are a massive plus."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International