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to spend or pay up to N3,000 per transac-
tion and up to N30,000; U-Mo Gold is for
customers with information that includes
address verification and will allow them
to spend or pay up to N10,000 per trans-
action and up to N100,000 per day while
U-Mo Platinum for customer with informa-
tion that includes address verification and
a reference will allow customers to spend
or pay up to N100,000 per transaction
and up to N1,000,000 per day” he said.
U-Mo mobile money is designed to pro-
mote savings to mobile subscribers by
offering higher interest rate on savings
and capability to spend cashless even as
it provides higher level of security than
cards as U-Mo requires the SIM card be-
ing present in the phone and 4-digit Per-
sonal Identification Number (PIN) to be
required when withdrawing or spending
money from the account. All UBA cus-
tomers with active, inactive and dormant
accounts can sign up for the product by
simply visiting any nearest UBA branch.
Customers with accounts in any bank are
also encouraged to sign up for U-Mo as they
will be able to easily load money from their
bank account into U-Mo and move money
received on U-Mo account into their bank
accounts. Customer without bank ac-
counts and customers with accounts with
any bank can also open U-Mo account.
United Bank for Africa Plc remains an in-
dustry leader in Retail Banking across Af-
rica with 19 African countries of operation
and over 7 million customer accounts. The
bank has consistently grown its internet
and mobile banking customer base cou-
pled with undisputed leadership in local,
regional and international remittances.