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UBA introduces ‘EMailMoni,’ an email-driven payment platform

United Bank for Africa (UBA) Plc, unveiled an agreement with MyECheck to provide a   revolutionary new social commerce payment system called “EmailMoni.”

Experts say the new platform is the world’s newest transfer technology that enables people and businesses to securely send and receive money electronically in real-time and at low cost using a downloadable mobile smartphone app or from a web app.

The EmailMoni web app can be accessed from any mobile device, any browser or any type of internet connected computer.

EmailMoni allows people and businesses to pay and receive electronic payments securely in a number of easily accessible and convenient ways.  Users can send and request money instantly using Microsoft Outlook email, or any web mail.  Money can also be securely requested and sent using Facebook, SMS text and other methods.

The platform is available on iOS on the Apple App Store and for Android on Google Play, the EmailMoni mobile app for smartphones will over time, interacts with a card-less ATM network using Quick Response (“QR”) Code enabling cash to be deposited and withdrawn from the system at thousands of ATM locations in Nigeria and across Africa.

The bank said EmailMoni will enable faster more efficient payments for UBA customers who are billers, such as cable and utility companies. Customers can also send and receive secure payments instantly and conveniently, while non-bank customers will be able easily access UBA banking and payment services.

Yinka Adedeji, divisional head, Consumer and Digital Banking at UBA said “We are proud to open a new frontier for e-payments in Africa with EmailMoni. This conforms with our desire to continuously deliver innovative and convenient payment options to our customers. Our innovations in the digital banking space have been possible because of our huge investments in building efficient, trustworthy platforms. We assure our customers that we are committed to continually bring the best in the financial technology space to ensure they always have the best and most convenient banking experience with all our service channels”.