Unregistered Businesses
Individuals e.g. Supermarkets, Retail outlets, Distributors of mobile network operators, Business centers, boutiques, provision shops, sport viewing centers and so on.
UBA Moni
UBA Moni -
Agent Banking
Provide financial services to customers on behalf of UBA in your community (serving as an agent under STUDENTHUBNG)
UBA Moni Agent Banking
Agent banking is the provision of financial services to customers by a third party (agent) on behalf of a licensed deposit taking financial institution and/or mobile money operator (principal)
The delivery of basic financial services (outside brick & mortar bank branches) through 3rd parties Retail business owners/individuals who use their non-bank retail outlets and rely on their mobile devices/POS terminals to carry out transactions.
Agents use their own business funds to serve customers for a commission.
UBA Moni is a way of ensuring currently excluded individual becomes a part of UBA financial world. UBA Moni agents speak the language of the community which they serve
Account Opening
Cash Withdrawals
Funds Deposits
Fund Transfer
Bill Payments
Airtime Vending
Agent
Responsibilities
- Introduce the platform to residents and businesses around you
- Build relationships and facilitate agency banking
- Conduct and facilitate authorized financial services as listed:
Agent types
Who Can be an agent?
Agents can be any of the following:
Registered Businesses:
The Corporates such as Limited liability companies, Sole Proprietorship, Partnerships, Cooperative Societies, Institutions with large retail chain/distribution network, Petrol Filling Stations and Dealers in FMCG
Benefits
- Financial Remuneration
- Transactions and Fees are processed real-time
- Instant settlement of funds to your account
- Increased customer traffic
- An avenue to earn additional income
- Provision of value added services
- Improved status in the community through brand affiliation with the Bank
Location
Nationwide
Pay
Commission based per transaction
How it works
Requirements
- Valid means of identification: Drivers License, National Identity Card, International Passport or Voters card.
- Utility Bill (Not less than three (3) months from time of presentment)
- A recent passport photograph
Register
Complete your registration form
KYC Documentation
An agent will come to your location to complete the onboarding and KYC requirements
Start Working
Complete your orientation and training, receive your POS device and start transacting!
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FAQs
- An Agent is an entity that is engaged by a financial/non-financial institution to provide specific financial services on its behalf using the Agent’s premises.
- Agents are convenient service points near where customers live and work.
The following are the requirements to be an Agent:
- Registered or unregistered (individual) primary business
- Primary business must have been in existence for the past 12months
- A physical location for the primary business
- Must have adequate and secure premises.
- A clean criminal record.
Agents can carry out the following services:
- Token Withdrawal
- Card Withdrawal (Other Banks)
- Inter and Intra Bank Funds Transfer
- Bills Payment
- Airtime Top-up
- Account Opening
- Account balance inquiry
- BVN Enrolment
- Additional income from carrying out Agent Banking services
- Branding support from the bank and adequate advertisement to drive footfall to his/her location.
- Agent will become more credible and trust worthy in the community.
- Expanded service offerings and the opportunity to develop deeper relationships with new and existing customers
- Increased demand for Agents primary business services.
Agents have 2 channels for carrying out transactions:
- Mobile APP
- Point of Sale(POS) terminal
Yes, a holistic package has been designed to cover both cash at hand and terminal insurance for Agents.