United Bank for Africa (UBA) Plc has unveiled its newly enhanced Point of Sale (PoS) Terminal and upgraded UBA MONI App, marking a significant stride in redefining digital payments and supporting small and medium-sized enterprises (SMEs) across the continent.
The launch is part of UBA’s ongoing campaign themed “Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.”
The improved PoS terminal is designed to offer greater efficiency, reliability, and ease of use for businesses of all sizes. With features such as instant settlement, real-time transaction monitoring, pay-by-link capability, and a 100% transaction success rate, the device empowers merchants to conduct their operations seamlessly and with increased transparency.
Equipped with advanced technology, the PoS terminals offer flexibility to accommodate diverse business needs—delivering the speed and dependability required by today’s fast-moving commercial environment.
In parallel, UBA has rolled out a revamped version of its MONI App, tailored to strengthen the bank’s growing agency banking network. New features include instant settlement, pay-by-transfer functionality, secret question security, a redesigned homepage, and an enhanced inbox, all contributing to a more intuitive, secure, and user-friendly experience for agents and customers alike.
These upgrades build upon the app’s existing core functionalities, including instant account opening using BVN/NIN, real-time funds transfers, cash deposits and withdrawals, airtime and data top-ups with agent discounts, and instant PoS deployment.
Speaking on the rollout, Shamsideen Fashola, UBA’s Group Head of Retail and Digital Banking, emphasized the bank’s commitment to innovation and customer-centric solutions.
“At UBA, we are committed to constantly innovating in order to provide seamless and secure payment solutions for businesses of every size,” he said. “The new UBA PoS terminal and MONI App are designed to empower merchants and agents with tools like instant settlement, real-time transaction tracking, and unmatched reliability—ensuring they can focus on growing their businesses with a trusted financial partner.”
Fashola described the upgraded PoS terminal as more than just a payment device—it’s a business enabler, built for the demands of a dynamic, digital-first economy.
“With UBA’s vast network and robust infrastructure, we are bringing convenience, trust, and confidence to every transaction. Meanwhile, the enhanced MONI App empowers our agents, many of whom operate in underserved or remote areas, with faster, smarter tools to grow their operations while expanding financial access to millions.”
By integrating cutting-edge technology with its pan-African reach, UBA continues to solidify its position as a trailblazer in digital banking, committed to fostering inclusive growth and transforming how businesses transact across the continent.
