UBA Launches Upgraded RedPay, Strengthening Agency and Merchant Banking Across Nigeria
United Bank for Africa (UBA) Plc has unveiled an upgraded RedPay Point-of-Sale (POS) and Agency Banking network, introducing a new Aggregator Sales Structure designed to deepen partnerships and expand financial inclusion across Nigeria. The announcement was made during the inaugural UBA Aggregator Engagement Session held at the bank’s Lagos headquarters, themed “POS-itive Impact: Connecting Agents, Merchants, and Customers.”
The upgraded framework provides a comprehensive value proposition for partners, combining advanced technology with structured support to boost efficiency and profitability. The session brought together UBA’s network managers, industry aggregators, and POS partners to align strategies for scaling the UBAMONI Agency Banking ecosystem, demonstrating the bank’s commitment to community-focused financial services.
Speaking at the event, Emmanuel Lamptey, UBA’s Executive Director Designate for Digital Banking, emphasized the role of strong partnerships in achieving national financial inclusion goals. “This session marks a pivotal step in our collective journey to democratize financial access in Nigeria. By connecting our aggregators and partners, we are ensuring reliable banking services reach every community,” he said.
Shamsideen Fashola, UBA’s Head of Digital Banking, highlighted how the new structure empowers partners. “Our aggregators are central to building Africa’s most impactful digital collections network. This framework is scalable, transparent, and designed to reward our partners while enabling them to serve underserved communities effectively,” Fashola noted. Features of the platform include instant settlement, real-time dashboards, analytics, card withdrawals, bill payments, and dispute management.
Iyiola Adetunji, UBA’s Head of Agency Banking, added that the initiative strengthens collaboration between the bank, agents, and merchants, delivering tangible value for all stakeholders. “This rollout ensures better service delivery to customers while equipping our partners with the tools and incentives to thrive,” he said. With this upgrade, UBA reinforces its position as a pioneer in innovative digital financial solutions, promoting economic empowerment and inclusion across Africa.
source: thesun