United Bank for Africa Strengthens E-banking Channels to Boost Financial Inclusion

Tuesday, March 11, 2014

United Bank for Africa (UBA), weekend, said it is scaling up its electronic banking channels in a bid to bolster financial inclusion. Adeyinka Adedeji, divisional head, E-Banking (UBA) told journalists that the Central Bank of Nigeria’s (CBN) cashless inintiative has been hugely successful , stressing that there is an increased awarness amongst the generality of the population on the benefits of adopting electronic payments. He said UBA, for instance, had recorded transactions worth N95 billion via Automated Teller Machines (ATMs), approximately N8 billion worth of transactions on U-mobile (mobile banking) and N10 billion on internet banking monthly in 2013 alone.

Source: Business Day Online Nigeria (link opens in a new window)

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financial inclusion, mobile finance, mobile money