The United Bank for Africa (UBA-Ghana) Limited has won the ‘Best Bank – Product Innovation and Services’ award for innovative cash transfer product across Africa – Africash at the Ghana Banking Awards held on Saturday in Accra.
A statement from UBA-Ghana said the Bank’s dominance in the digital banking space had been demonstrated by its product innovation and the Africash was one of many introduced along with SMS alert, to enhance service delivery.
The statement said the UBA also won award for first runner-up for the Best Financial Performance, which was a testimonial to its financial position at the last accredited financial year for 2016.
Mrs. Abiola Bawuah, the Managing Director of UBA, said the Bank had been at the forefront of innovation since its inception.
According to her, “We have introduced many technological solutions in a bid to give our customers superior service and we are elated to have been recognized as the most innovative bank in Ghana.
“Very soon, we are coming up with a card that answers the customer just in time exactly when they need funds. We hope to charm our customers by this product as well.”
UBA’s industry leading product, Africash, allows its customers to send and receive cash using a simple real time process across its 18 subsidiary banks in Africa, as well as its three international locations in New York, London and Paris.
Analysts say, UBA Ghana remains a major force in the Ghanaian Banking industry with a balance sheet size significantly improved by 55.04 per cent in 2016 and ended the year at GH¢3.74 billion.
