One of the global electronic payments company, Visa, in partnership with the United Bank of Africa Plc (UBA) have launched the ‘SmartMoney,’ a banking solution that comprise a prepaid card and a mobile app for the African market.
The partnership, according to a statement, brings together Visa’s trusted payments technology and SmartMoney’smobile app experience to establish a millennial centric product platform for consumers who want to be in control of their money.
Speaking about the launch, Deputy Managing Director/Chief Executive Officer UBA Africa, Mr. KennedyUzoka said: “Modern, young Africans are constantly seeking and devising new ways to be banked. It is with this realisation that the SmartMoney prepaid card was first developed and introduced into the market in partnership with Visa. The SmartMoney prepaid card allows young people to enjoy all the features of a bank account and the minimal costs associated with the prepaid card are a massive plus.”
Also, the Country Manager for Visa in West Africa, AdeAshaye, noted that with the conceptualisation and launch of the SmartMoney app, “once you download the app and link it to your card, you enter into a whole new world of controlling your money.”’
According to a statement, SmartMoney provides convenience to make purchases, perform online transactions and access to cash from ATMs. SmartMoneyapp users also have the ability to check card balances; track and budget spend, or send and receive funds between SmartMoney cardholders.
The SmartMoney Visa Prepaid card can be obtained and reloaded at UBA business offices. All that is required is a valid means of identification and a photo. TheSmartMoney app can be downloaded from Google Play or Apple iOS Store, and gives you even further control of your money.