The Lion King | 27
News Round Up
U
BA Sierra Leone has
introduced the UBA Visa
Prepaid card services into the
Sierra Leone market.
Mr. Ndubuisi Ejiofor, MD/CEO, UBA
UBA Kenya Launches Virtual
Savings Account
UBA Sierra Leone
unveils Visa
Prepaid Card
UBA Burkina Faso, Cameroon and Senegal win
World’s Best Emerging Market Banks 2014 Award
U
BA Kenya has launched “Akiba Mkononi” a Virtual
Savings Account. The product was launched with the
aim of tapping into Kenya’s vast unbanked population.
Akiba Mkononi is an innovative product that allows individuals
to open and operate a Savings Account using their mobile
phone devices. It is an easy and stress free solution for
individuals who want to save money via a platform that is
T
hree of our country
subsidiaries; UBA Burkina
Faso, UBA Cameroon and
UBA Senegal have all been
named the ‘World’s Best
Emerging Market Banks 2014’
in their respective countries, by
the Global Finance Magazine.
A press statement by the
organizers, on Thursday,
March 20, 2014 congratulated
UBA Group for the “fantastic
performance to win these
awards in three different
countries”
The full awards report will be
published in the May issue of
Global Finance magazine.
The awards report ranks top
banks by country and region.
It covers best banks in North
America, Western Europe,
the Nordic Region, Central &
Eastern Europe, Latin America,
Asia-Pacific, the Middle East
and Africa.
The Global Finance World’s
Best Banks 2014 Awards
Ceremony, the twenty-first
edition of the annual awards,
will be held during the IMF/
World Bank Annual Meetings,
on the morning of Saturday,
October 11, 2014, at The
Washington National Press
Club.
L-R: MD/CEO, UBA Kenya, Mr. Tunji Adeniyi; Speaker of the Kenyan National
Assembly, Rt. Hon. Justin Muturi and Chairman, UBA Kenya, Mr. Ngugi Kiuna
signing up on the Akiba Mkononi virtual savings account during the launch
MD/CEO, UBA Sierra Leone, Mr. Ndubuisi
Ejiofor unveiling the Visa prepaid card
paperless, readily available on demand
and easy to operate. This virtual savings
account will also allow customers
to access insurance by paying their
premiums through their Akiba Mkononi
Virtual savings accounts.
Akiba Mkononi will enable customers to
save money by transferring funds from
their Airtel Money wallets to their Virtual
savings account in UBA Kenya which
will earn affordable interest rates.
“With Akiba Mkononi, individuals will be
able to save with very attractive interest
rates, access affordable insurance
cover and load their prepaid cards all
from their mobile phones,” said Mr. Tunji
Adeniyi, MD/CEO, UBA Kenya, during
the launch of Akiba Mkononi at the
Sarova Stanley hotel, Nairobi.
“Akiba Mkononi is very efficient and
easy to use as all the transactions are
a dial away on your mobile phone.
One can opt to save, withdraw money
or pay for other services all with ease
on their Airtel SIM cards and a mobile
phone.” Mr. Tunji added.
Sierra Leone, in his remarks,
emphasized that the product
will help promote financial
inclusion and reduce pressure
on the requests for dollar in cash
for personal and business travels.
The Head of e-Products, David
Musa also disclosed that the
card will benefit schools and
corporate organization who can
co-brand the prepaid cards.
The prepaid cards will also make
online payments seamless.
