UBA Connect Service To Facilitate Cross Border Payments For Africa Continental Free Trade Area (AfCFTA) Members

In a bid to ease cross border payment and settlement system for members of the Africa Continental Free Trade Area (AfCFTA), UBA Ghana has officially introduced the UBA Connect service onto the Ghanaian market.

The product is an inter-entity service that allows customers to have instant access to their funds over-the counter at any branch within the UBA network, enabling customers to seamlessly transact from any country other than the country of account domiciliation.

With 42 currencies on the continent, this system will provide a platform for movement of funds with ease.

United Bank of Africa Ghana, Africa’s Global Bank, has expanded its financial products with the introduction of UBA Connect Service, an extended feature of UBA accounts.

The service is targeted at account holders of the bank and walk-in customers. With the UBA Connect Service, customers can withdraw cash from their account and also undertake funding. Deposits can be done by third party customers. However, the UBA Connect Service does not allow third party withdrawal.

Commenting on the innovative product, Head of Retail Bank, Peter Dery said the product has been introduced to ease ways of doing business as customers can seamlessly transact from any country other than the country of account domiciliation.

“UBA Ghana is driving innovation in retail banking to ensure seamless transaction across Africa countries. The UBA Connect Service allows for instant transmission of data and significantly fast processing with transactions being consummated and source account impacted within minutes”, he said.

Mr. Dery added that the UBA Connect Service is non-restrictive, hence accounts can be operated from any UBA office in Africa outside customer’s home country of account domiciliation, urging all business men, entrepreneurs’ and travellers to take advantage of the product.

He added that transaction currency shall be in Ghana Cedis while transaction limit shall not exceed a 10,000USD (cedi equivalent) per day for withdrawals and 10,000USD annually for deposits.

In relation to the Sustainable Development Goals (Goal 17), the UBA Connect Service will significantly provide the financial platform to increase exports among developing countries to strengthen the means of implementation and revitalize the global partnership for sustainable development.

Comments

The Wait Is Over: 26th TGMA Nominees Set To Drop This Saturday

The air is electric in Ghana's music scene as the long-anticipated nominee announcement for the 26th Telecel Ghana Music Awards (TGMA) is nearly here. Mark your calendars for Saturday, 15th March, when the nominees will be revealed live on TV3 and across the Ghana Music Awards official social media channels. Get ready for an exciting ride—this year's nominations promise to be some of the most competitive yet. After weeks of submissions and meticulous deliberations, music fans across the country will finally learn which artists and groups will be contending for the highly coveted awards. The Road to the Nominees Announcement It all began on 21st January 2025, when nominations officially opened for the TGMA. Artists and groups had until 16th February to submit their works released between January 1st and December 31st, 2024. The response was nothing short of phenomenal, with over 1,500 entries pouring in from more than 130 talented artists and groups—a true testament to the dynam...

ONUA TV INTRODUCES NEW EXCITING CONTENT

Ghanaians and viewers of Onua TV, a subsidiary of Media General Group, Ghana’s leading Media Company will soon have a lot more exciting television viewing experience as the network is set to introduce new and refreshing content. In the coming weeks, Onua TV will introduce new programmes with two of them starting from Monday 27th April 2020; Onua Maakye (Morning Show) and COVID-19 Nkomo, A third show, 100 Degrees will start airing on Friday 1st May 2020. Onua Maakye (Morning Show) is a daily three hour show from Monday to Friday between 6am and 9am. It is an informative and entertaining television magazine programme which will tackle the very issues of concern for the citizenry with very thrilling segments. COVID – 19 Nkomo is a one hour television show which gives updates on the COVID-19 pandemic, capturing the impact of the disease on various aspects of social life in the country. It also offers education and awareness creation for the public on how to avoid getting or s...

Photos : Bacchus Energy Drink Launched In Ghana With Efya’s Album Listening Session

Bragha (GH) LTD, a wholly Ghanaian owned company trading in Fast Moving Consumer Goods for the past ten years in Ghana had added Bacchus Energy Drink to its wide range of commercial products in Ghana, and the West African sub-region. The drink was launched at a special listening session of Efya’s debut album, ‘Janesis’ on Friday night (26th Feburay , 2016). Ghanaian songbird Jane Awindor popularly known in showbiz as Efya on Friday received good ratings for the album which will be out before April. The album features renowned African artistes like Stonebwoy, E.L, Ice Prince and many others. Bacchus energy drink is a premium non-alcoholic beverage produced in Korea and now available in Ghana. It is formulated with Korean ginseng extracts, taurine, royal jelly, multi-vitamin B complex, inositol, apple juice and other ingredients which are intended to provide instant energy.

BlaqsheepMMG

Search This Blog