Business
Union Bank deepens digital platforms, launches new app
Union Bank unveiled a plethora of digital banking solutions at an interactive media event on Wednesday 26th July, 2017 at the Heritage Place, Ikoyi, Lagos.
The solutions include a new version of its mobile banking app, UnionMobile, and *826#, a unique USSD code which will allow customers perform banking transactions through short code messaging on their mobile phones.
The Bank also revealed its upgraded online banking platform, UnionOnline, with aesthetic improvements, new features and targeted offers for its customer segments.
With *826#, Union Bank joins a growing financial industry trend which hopes to extend banking services to less tech savvy customers, and customers who want to avoid internet banking which requires data, as well as the financially excluded.
Speaking at the launch event, Emeka Emuwa, Chief Executive Officer of Union Bank, said worked tirelessly for nearly two years to deliver the solutions being unveiled.
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“We invested time and resources to understand what our customers really need and how we can deliver the right solutions to meet those needs.”
“This investment in understanding our customers’ needs has led to the innovations and first-to-market features we are unveiling today. Our new platforms marry simplicity, functionality and aesthetics to deliver a seamless and improved user experience for our customers,” Emuwa said.
Union Bank has introduced a ‘Locate An Agent’ feature on its banking app, designed to bring its mobile banking services directly to its customers.
Using the mobile app, customers can locate the Union Bank Direct Sales Agent (DSA) closest to them and request cash collection for deposit or withdrawals.
Agents can also open accounts and assist customers with other banking services at a location convenient for them.
According to Union Bank’s Head of Retail Banking, Carlos Wanderley, this new feature is designed especially to support small businesses.
Union Bank has become the first bank in Nigeria to enable its own unique USSD code for the mCash payment system. This means that customers of the Bank can use the bank’s short code, 826, to make mCash payments at participating merchant locations, whereas other banks do not use their own codes but rely on a shared short code from Nigeria Inter-Bank Settlement System (NIBSS) which owns the mCash platform.
While the ATM Locator functionality is not a novel one, Union Bank has raised the bar by introducing innovation which will give customers real-time information on ATMs in service and dispensing cash.
Union Bank customers can also now make cardless withdrawals at ATMs by simply generating a code on the new banking app to use at ATMs.