United Bank for Africa (UBA) is taking significant steps to enhance financial inclusion in Nigeria.
The bank has launched a new Aggregator Sales Structure for its RedPay POS and Agency Banking Network. This initiative was unveiled during the inaugural UBA Aggregator Engagement Session in Lagos, aimed at strengthening relationships with partners and expanding access to financial services.
UBA Launches New Aggregator Sales Structure
The newly introduced structure offers a comprehensive value proposition to partners, enhancing the collaboration between UBA, merchants, and agents. This initiative is designed to deepen relationships within UBA’s network and promote financial inclusion across Nigeria.
During the event, UBA’s Executive Director Designate, Digital Banking, Emmanuel Lamptey, highlighted the importance of partnerships in achieving national financial inclusion goals. He stated that the session marks a pivotal step towards democratizing financial access in Nigeria.
Nigeria: Key figures on Aggregator Sales Structure
- 25,000 employees group-wide
- Over 45 million customers globally
- Operating in twenty African countries
Empowering Agents and Aggregators
The new platform provides agents and aggregators with instant settlement, reliable transaction processing, and real-time dashboard reporting. It also includes a full suite of services such as dispute management, analytics, and bill payments.
UBA’s Head of Digital Banking, Shamsideen Fashola, emphasized that the structured framework is designed to be scalable and mutually rewarding. It aims to empower partners with the necessary technology and support to effectively serve under-served communities.
Next Steps for UBA’s Initiative
- Strengthening collaboration with key industry aggregators
- Enhancing agent productivity through technology support
- Continuing to expand financial services access across Nigeria
UBA is committed to bridging the financial inclusion gap and driving economic empowerment across Africa.
