Global electronic
payments company Visa, in partnership with United Bank of Africa Plc (UBA) announces
the launch of “SmartMoney”, a 21st century banking solution comprising a
prepaid card and a mobile app for the African market. 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, DMD & CEO UBA Africa, Mr. Kennedy Uzoka said: “Modern, young
Africans are constantly seeking and devising new ways to be banked. 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 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 conceptualized 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 Mr Ade Ashaye,
Country Manager Visa West Africa.
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
spend, or send and receive funds between SmartMoney cardholders.
The SmartMoney Visa
Prepaid card can be obtained and reloaded at UBA business offices. The
SmartMoney app can be downloaded from Google Play or Apple IOS Store, and gives
you even further control of your money.
Visa and UBA have
launched SmartMoney in Nigeria, Ghana and Kenya before initiating roll out to
other African markets in 2016. Additional product information can be found on
the SmartMoney website www.we-are-smart-com
As part of the launch,
SmartMoney has also partnered with Uber in Nigeria to provide cardholders with
a sign-up offer. First time Uber users who link their SmartMoney card for
payment will get an Uber credit to the value of N5000, by using promotion code
VISALAG on sign-up.
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