Why We Partner Visa To Launch ‘SmartMoney’ Banking Solution….UBA Plc

A global electronic payments company, Visa, in partnership with United Bank for Africa Plc (UBA), has announced the launch of a 21st century banking solution comprising a prepaid card and a mobile app for the African market, “SmartMoney.”

The partnership brings together Visa Inc’s trusted payments technology and SmartMoney’s mobile app experience to establish a millennial centric product proposition for consumers who want to be in control of their money.

Speaking about the launch, the chief executive officer (CEO), UBA Africa, Mr Kennedy Uzoka, said, “Modern, young Africans are constantly seeking and devising new ways to be banked and it is with this realisation that the SmartMoney prepaid card was first developed and introduced into the market in partnership with Visa.”

The SmartMoney prepaid card allows young people to be banked. This means that they are able to enjoy all the features of a bank account and the minimal costs associated with the prepaid card are also a massive plus. “Now that the SmartMoney app has been conceptualised and launched, the SmartMoney card has since evolved to greater utility. Once you download the app and link it to your card, you enter into a whole new world of control,” added the country manager, Visa West Africa, Mr Ade Ashaye. SmartMoney provides convenience to make purchases, perform online transactions, shop during international travel and access to cash from ATMs. SmartMoney App users have the ability to check card balances; track and budget spendings, or send and receive funds between SmartMoney cardholders. The SmartMoney Visa Prepaid card can be obtained and reloaded at UBA’s business offices. The SmartMoney app can be downloaded from Google Play or Apple IOS Store, and gives customers even further control of your money.