The United Bank for Africa Plc (UBA) has announced the introduction of Forex transfer capability on its online banking platform, U-Direct. The new service allows the bank’s customers to transfer funds from their Domiciliary Account to any account in the world within 24 hours.
The commencement of this service is well timed, considering the anticipated increase in remittance activities over the festive season.
Dr. Yinka Adedeji, the Bank’s Divisional Head of e-Banking said “our Customers can transfer money from U-Direct to any part of the world in record time. With this development, there is no need to fill forms or visit the Banking Halls any longer. This again underscores the importance we place on service innovation and customer fulfilment”.
To access this service, customers need to have a Domiciliary Account with UBA. Beyond FX transfer, U-Direct also enables customers to conduct their banking transactions on their personal computers, laptops or tablets.
UBA was recently judged the Best Transaction Bank from Africa Award by The Banker Magazine on account of the ease of transactions provided by its e-banking capabilities. The UBA Group is a highly diversified financial services provider, one of the largest financial institutions in Africa, with business offices in New York and Paris and a subsidiary in London. The bank controls significant market share in 19 different African countries.
The Group has a strong retail penetration across the African continent with more than seven million customers who enjoy a bouquet of products and services tailored to meet their different financial needs, backed by cutting edge technology that offers secure and convenient e-banking services.