A Decade of Digital Transformation: UBA and VERiCASH’s Partnership Revolutionizes African Banking
United Bank for Africa (UBA), a leading pan-African financial institution, has marked a significant milestone, celebrating a decade of successful collaboration with VERiCASH, a prominent fintech company. This partnership, which birthed the highly acclaimed UBA Mobile App, has profoundly reshaped the digital banking landscape across Africa, driving financial inclusion and empowering millions of users. The UBA Mobile App has become a cornerstone of UBA’s digital strategy, achieving remarkable success with over 10 million downloads, making it one of the most popular banking apps in Nigeria and solidifying UBA’s position as a digital banking innovator on the continent.
This decade-long partnership has been a catalyst for innovation and customer-centric solutions in the African banking sector. The UBA Mobile App stands as a testament to the transformative power of technology when combined with visionary leadership. It has provided convenient and secure access to banking services, bridging the financial gap for numerous individuals and communities across Africa. The app’s user-friendly interface and comprehensive features have empowered millions of Africans to participate in the formal financial system, irrespective of their location or background. This has not only broadened access to financial services but also fostered economic growth and development within various African countries.
The collaboration between UBA and VERiCASH reflects the increasing importance of strategic partnerships in driving innovation and progress within the financial services industry. By leveraging VERiCASH’s technological expertise and UBA’s extensive network and customer base, the partnership has created a synergy that has propelled both organizations to the forefront of digital banking in Africa. This collaboration has not only benefited the two organizations but has also significantly contributed to the overall development of the African banking landscape.
To commemorate this remarkable milestone, UBA has launched a special customer appreciation promo for its loyal mobile app users. This initiative aims to reward customers for their consistent trust and engagement with UBA’s digital platforms. The promo, designed to amplify customer loyalty and reinforce UBA’s commitment to customer satisfaction, offers users the opportunity to win 10 times the value of their airtime purchases made via the UBA Mobile App. Running for 10 weeks, this promotion selects 10 daily winners, further enhancing the user experience and reinforcing the value proposition of the UBA Mobile App.
UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, emphasized the global standards of the app and its significant contribution to bridging financial gaps and promoting financial inclusion across more than 20 countries. He celebrated the partnership with VERiCASH as instrumental in establishing UBA as a premier digital banking institution in Africa, evident in the impressive download and transaction figures processed over the years. Fashola reiterated UBA’s commitment to making banking accessible to the unbanked population, thereby empowering millions of Africans to participate in the formal financial system from anywhere, reflecting the bank’s vision of becoming a truly global African bank.
Ashraf Zaki, Chairman of CIT VERiCASH, expressed immense satisfaction with the decade-long partnership, recognizing it as a powerful example of the transformative potential of combining innovative technology with visionary leadership in the banking sector. He highlighted the partnership’s impact not only on both organizations but also on the broader African banking landscape. Zaki emphasized how UBA’s commitment to innovation, coupled with VERiCASH’s technological prowess, has created a world-class digital banking experience. This collaboration has set new benchmarks in the industry, demonstrating the positive impact of leveraging technology to enhance customer experiences and drive financial inclusion. The success of this partnership serves as a model for future collaborations in the African fintech space.
