VENTURES AFRICA – The United Bank for Africa (UBA) Ghana has launched a pioneer – cardless ATM withdrawal – service that allows third parties to withdraw cash on its ATM without a card.
The unique product was part of three ATM Value Added Services which the bank presented to the public, Tuesday at its Head Office in Accra.
MD/CEO, United Bank for Africa, Ghana, Oliver Alawuba disclosed that the Value Added ATM services was a continuation of the bank’s cutting-edge innovations in the Ghanaian banking industry.
Apart from the cardless ATM withdrawal, the MD revealed that the value added service allows customers of the bank to pay their bills (utility), DSTV subscription fees, send funds through their mobile phones, using the UBA U-mobile platform, or at the ATM using the ATM card and also purchase mobile recharge credit on their phone or for third parties.
The bank’s MD added that these newly added services which were powered on the e-Transact platform were aimed at creating branchless banking in Ghana.
The bank has commenced a branchless banking model at the Accra Mall, Accra Mall E- Village, which is a cashless service outlet that provides numerous services such as bill payments and liquidation of funds transfer on cards.
UBA Ghana is a subsidiary of United Bank for Africa Plc (UBA), one of Nigeria’s largest financial services provider, with subsidiaries in 20 sub-Saharan countries and representative offices in France, the United Kingdom and the United States of America.
The bank ranks 149th on the list of Top 250 African Companies, and 18th on a list of Top 25 Companies in the West African Sub-region.