MEC Inc. Partners UBA On ‘EmailMoni’ e-Payment Platform

As part of its efforts to meet the growing demands of customers, one of Africa’s leading financial institutions, United Bank for Africa (UBA) has signed an agreement with American manufacturing company, Mayville Engineering (MEC Inc.), for the launch of a revolutionary payment system ‘EmailMoni.’

‘EmailMoni’, recently launched by the Pan-African bank, is an email-based billing, payment and banking software with multiple ways to transact that are instant, secure, and low cost.

The innovative system, which represents the world’s latest fin-tech for cloud banking and social payments, provide users with multiple ways to transact and is expected to transform the payments, invoicing/billing and remittances landscape in Africa.

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The new system which will work on both iOS and Android enables users to securely send and receive money electronically using their mobile phones or web browser. Money can also be securely requested and/or sent using Facebook app, SMS text and other methods.

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

“We are proud to open any frontier for e-payments in Africa with EmailMoni. This conforms with our desire to continuously deliver innovative and convenient payment options to our customers,” said Yinka Adedeji, Divisional Head, Digital Banking, UBA.

“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.”

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Customers can also interact with point of sale (POS) systems, e-commerce for quick and secured payments online, as well as card-less ATMs using Quick Response (“QR”) Codes, enabling withdraws from the system at thousands of ATM locations.

CEO of MEC, Ed Stars said: “EmailMoni will be instrumental in the positive transformation of Africa to a digital banking system and enable greater access to secure commerce. EmailMoni focuses on the banks’ customers making sure they can access their money anywhere and anytime.

“EmailMoni enables UBA’s customers to communicate just like using email and pay for all their transactions in one place. MEC along with our sales partner in Africa, Centric Gateway, Nigeria, Limited, are committed to providing industry leading technology and service to support UBA in meeting their e-payment goals.”

Also speaking, Omoniyi Kolade, the CEO of Centric Gateway, a leading Information Technology firm, described the new system as a “fundamental change in the payment space in Africa”.

According to him “The email-based payment platform will enable our client UBA to deliver fundamental value in promoting cashless and digital banking for their customers in their day to day transactions. EmailMoni will remove hurdles being faced by customer transactions and maintain speed, ease of use, along with security in between customer, retailers, businesses, biller, e-commerce, etc. This is the first solution in the Nigeria payment service industry that addresses customer payment affairs in a seamless way.”

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Founded in 1949, United Bank for Africa Plc, is one of Africa’s leading banking Groups with operations in 19 African countries and offices in three global financial centers: London, Paris and New York

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