34 | The Lion King
News Roundup
UBA Benin Holds 24th Annual General Meeting
U
BA Benin on Friday, September 26,
2014, held the 24th Annual Gen-
eral Meeting (AGM) of its share-
holders at the Benin Marina Hotel. The
meeting had in attendance, Mr. Kenne-
dy Uzoka, DMD/CEO, UBA Africa, and
Mr. Oliver Alawuba, Deputy CEO, UBA
Africa (Wholesale
Bank), and other
Directors of the
Bank.
The AGM wit-
nessed a large
turnout of shareholders. Mr. Fogan
Sossah, the Chairman, Board of Direc-
tors, UBA Benin, used the opportunity to
introduce Mr. Benedict Odukwe, as the
MD/CEO of UBA Benin. It was the first
meeting of the shareholders since Mr.
Odukwe was appointed the MD/CEO
of UBA Benin.
Participants at the meeting offered sev-
eral suggestions on how UBA Benin will
become a dominant market player in
the Republic of Benin banking industry.
MD/CEO, UBA Benin, Ben. Odukwe (left); DMD/CEO, UBA Africa,
Kennedy Uzoka (3rd left) and other Board Members at the AGM
A cross section of shareholders at the AGM
UBA launches one-stop e-payment portal in Africa
E
-commerce in Africa has received
a boost as UBA introduces U-bills,
an online payments and collections
platform. The online payment platform
has been enabled in all the 19 countries
where UBA has operations.
U-bills allows sellers to collect payments
online or on their mobile devices like
tablets and smart phones. It also pro-
vides a one-stop platform for customers
to make payments anytime of the day
or night or week, for goods and services
on their mobile phones, tablets or per-
sonal computers as long as they have
internet connection on the devices.
Customers registered on U-Bills can
recharge their mobile phones, pay their
cable TV bills quickly and easily and pay
their utility bills in any of the 19 countries
in Africa where UBA has operations.
Already, some top merchants that have
registered on U-Bills to receive payments
include leading telecom operators like
MTN (top-up and post-paid), Etisalat,
Glo, and Airtel. Customers of these
telecom operators registered on U-Bills,
can buy air-time or top-up on the U-Bills
platform.
Any type of registered business, small
or big, providers of services or sellers
of goods, can register on the U-Bills
platform to receive payment for goods
and services offered for sale. However,
merchants must be UBA account hold-
ers to register to use U-Bills which will be
activated on a merchant’s platform
within 72 hours of registration.
U-Bills has no monthly or annual charg-
es. All charges are based on transac-
tions and are country specific. The U-Bills
platform accepts VISA and MasterCard
as well as the local Card schemes and
other payment platforms in the different
countries where UBA has its operations.
Payments on the U-Bills platform are
safe and secure and protected by the
best in class IT security features that is
line with the Payment Card Industry
Data Security Standards for card pay-
ments.
