United Bank for Africa Plc says it has introduced an online payment and collection platform tagged U-bills.
The lender said the online payment platform had been enabled in all the 19 countries of its operation.
According to a statement by the bank, the development is set to boost the electronic commerce on the continent.
U-bills is a collection and bill payments platform that allows sellers to collect payments online or on their mobile devices like tablets and smartphones, according to UBA.
It also provides a one-stop platform for customers to make payments for goods and services on their mobile phones, tablets or personal computers as long as they have an internet connection on the devices.
The statement quoted the Divisional Head, E-Banking, Mr. Yinka Adedeji, as saying, “The uniqueness of the U-bills platform is that it is a single payment gateway where all forms of payments to different merchants can be made. It is not a single-merchant platform. All merchants can register on U-bills to receive payments for goods and services. Also, anyone can go online and register to make payments for goods and services bought.”
“With U-bills, customers have the flexibility to make online payments anytime of the day or night or week to sellers for goods bought or services rendered. This means, it is no longer matters where you are in the world. So far you are African and are from any of the countries where UBA is, you can now pay your bills, top up phones of your loved ones and still pay for services without moving an inch.”
According to Adedeji, customers registered on U-bills can recharge their mobile phones, pay their cable television bills and their utility bills in any of the 19 countries in Africa where the bank has operation.
Already, the bank said some top merchants that had registered on U-bills to receive payments include MTN, Etisalat, Glo and Airtel. It added that customers of the telecoms operators registered on U-bills could buy air-time on the U-bills platform.