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UBA Transforms Banking With EmailMoni

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By Modupe Gbadeyanka

A revolutionary email-based billing, payment and banking software system called ‘EmailMoni’ has been launched by UBA and MEC Inc.

Business Post gathered that EmailMoni is expected to transform the payments, invoicing/billing and remittances landscape in Africa because it represents the world’s latest fin-tech for cloud banking and social payment system.

“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. 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,” Divisional Head of Digital Banking at UBA, Yinka Adedeji explained.

EmailMoni, it was learnt, offers a convenient and highly accessible application with multiple ways to transact that are instant, secure, and low cost and enables people and businesses to securely send and receive invoices and money electronically in real-time, using their mobile phone or any web browser compatible device.

It was explained that users can send and request and receive money using the mobile phone app, Microsoft Outlook app, or any email service. Money can also be securely requested and/or sent using Facebook app, SMS text and other methods.

EmailMoni Apple iOS App and Android App 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.

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 be able easily access UBA banking and payment services.

According to the CEO of MEC, Ed Starrs, “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, CEO of Centric Gateway, Omoniyi Kolade, disclosed that, “EmailMoni, powered by MEC, will be a fundamental change in the payment space in Africa,”

“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.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Banking

Airtel Smartcash Enables Seamless Upgrade of Wallets from Tier 1 to 3

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SmartCash 36.8% unbanked Nigerians

By Aduragbemi Omiyale

The Payment Service Bank (PSB) of Airtel Nigeria, Smartcash, has enabled an easier system that allows customers to upgrade their wallets from Tier 1 to Tier 3 for a smooth, cashless, and stress-free holiday experience.

Upgrading from Tier 1 wallet provides higher transaction limits and access to more features and benefits as well as security.

The Smartcash PSB provides a reliable, cashless alternative that meets the financial needs of users wherever they are, including sending money to loved ones, paying at local markets and stores, or topping up airtime and data.

The Smartcash app now enables instant verification with customers’ NIN or BVN, secure facial recognition with a selfie, and simplified address confirmation.

“As the Easter season approaches, we recognize the financial pressure and logistical challenges that often come with holiday spending and mobility. That’s why we’re committed to ensuring that our users can carry out essential transactions from bank transfers to merchant payments quickly, safely, and conveniently.

“Our goal is to eliminate the stress of cash handling, long queues, and bank branch visits, so that Nigerians can truly focus on the spirit of the season connection, community, and celebration,” the chief executive of Smartcash PSB, Mr Tunde Kuponiyi, said.

Airtel Smartcash PSB, which launched as part of Airtel’s commitment to deepen financial inclusion, has rapidly expanded its network of agents and digital wallet users, bridging access between underserved communities and the financial system.

With services available through mobile phones and human agents across Nigeria, Smartcash offers a simple and accessible entry point into the digital economy particularly for small-scale traders, artisans, rural dwellers, and other players in the informal sector.

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Banking

Access Holdings Grows Profit to N642.2bn in 2024, Customer Deposits at N22.525trn

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By Aduragbemi Omiyale

In the 2024 financial year, Access Holdings Plc excited its shareholders with a strong performance, driven by diversified income streams amid despite inflationary and macroeconomic challenges.

This resulted in a 19 per cent increase in profit before tax to N867.0 billion as the next profit went up to N642.2 billion.

Business Post observed that the company’s dynamic trading strategy spurred an 88 per cent year-on-year rise in gross earnings to N4.878 trillion from N2.594 trillion in 2023, with interest income growing by 110 per cent to N3.480 trillion and non-interest income jumping by 47.8 per cent to N1.397 trillion, supported by robust retail banking activities, and digital expansion.

In the year, total assets grew by 55.5 per cent to N41.498 trillion, and customer deposits rose by 47 per cent to N22.525 trillion, while shareholders’ funds also increased by 72 per cent to N3.760 trillion.

Last year, the group made a significant social and environmental impact across the continent, touching millions of lives and earning multiple industry accolades.

Through various corporate social investment initiatives in education, entrepreneurship, health, and the environment, it reached over 21 million individuals across Africa.

Its employee wellness programmes also covered 28,000 staff across operating entities. Access Bank, the flagship subsidiary, through its W-Initiative, disbursed loans to over a million women-led SMEs, advancing financial inclusion and gender empowerment.

The organisation’s efforts attracted prestigious recognition and awards, including three Euromoney Awards for Excellence (notably ‘Best Bank for ESG’); International Finance Award for ‘Most Innovative Bank for Community Development and Community Engagement’; and World Economic Magazine Award for ‘Most Sustainable Bank’.

In terms of economic sustainability, Access Bank recorded strong strides through its Economic, Social and Governance (ESG) programmes. It facilitated $437.42 million in DFI inflows to support MSMEs across Africa, disbursed 1.6 million digital loans to low-income individuals, and booked its first N1.4 billion diaspora mortgage loan.

The company also achieved a 13.4 per cent reduction in operational emissions, planted 57,302 trees, and enabled solar power adoption for 226 homes and businesses. Its headquarters was awarded the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for sustainable design and construction standards.

In addition, Access employees contributed 228,500 volunteer hours to various community development programmes, reinforcing the Group’s commitment to inclusive and purpose-driven impact.

The firm is focused on delivering sustainable returns to shareholders, while reinvesting in innovation, infrastructure, and cross-border expansion. Its banking subsidiary launched operations in Hong Kong, received regulatory approval in Malta, and successfully integrated its operations in Zambia and Tanzania, expanding its global footprint.

Access Bank posted significant gains across all performance metrics, with interest income growing by 110 per cent and fees and commissions rising by 81 per cent. International subsidiaries contributed 48.5 per cent to the banking segment’s PBT, demonstrating strong execution across key markets.

In 2024, Access Holdings also became the first institution to meet the Central Bank of Nigeria’s recapitalisation directive, raising N351 billion through a rights issue. The proceeds are being strategically deployed to strengthen digital infrastructure, enhance liquidity, and fuel long-term growth.

Looking ahead, Access Holdings remains committed to building a more inclusive, sustainable, and profitable future, delivering value not just to shareholders, but to society and the environment at large.

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Banking

Stanbic IBTC Bank Tasks CEOs With ‘There Is More’ Campaign

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By Aduragbemi Omiyale

An initiative aimed to challenge business leaders and innovators to transcend current horizons has been introduced by Stanbic IBTC Bank through a thematic campaign known as There is Possible, Then There is More.

The idea is to a mindset of amplified possibility, sustained growth, and transformative partnerships, with Stanbic IBTC Bank positioned as a pivotal enabler.

With this campaign, Stanbic IBTC Bank is positioning itself as a trusted ally for Nigerian CEOs who want to do more, become more, and achieve more.

The Executive Director for Business and Commercial Banking at Stanbic IBTC Bank, Mr Remy Osuagwu, said, “As a bank, our mission is to not only meet the financing needs of Nigerian CEOs, but to inspire them to reach for more.

“We understand the challenges they face and the aspirations they hold, and we are equipped to support their ambitions, and extend them even further thereby, helping them to achieve exponential growth.”

He emphasised that, “This campaign is evidence of our commitment to being more than just a bank; we want to be the partner that propels our customers beyond their goals.

“We empower our clients with the tools and resources necessary for success by fostering collaboration and mutual growth and this proactive approach underscores our commitment to supporting business leaders and inspiring them to dream bigger and achieve greater heights in their respective industries.”

Business Post reports that the campaign officially debuted with a striking teaser, with An Open Letter to All CEOs on key digital platforms, digital out-of-home screens, and social media feeds. For days, the public speculated. This week, the letter was finally revealed—and with it, a most human and resonant message.

The Open Letter to CEOs is more than just an advertising creative campaign; it is a genuine call to action.

In it, Stanbic IBTC Bank acknowledges the resilience and achievements of Nigerian business owners even in the face of adversity. But it also dares to ask: What more could be achieved with the right support, partnership, and financial foresight?

Overall, Stanbic IBTC Bank’s vision reflects a deep understanding of the crucial role that financial institutions play in the broader economic ecosystem—one where banks serve as catalysts for growth and achievement.

From trade financing to investment advice, capacity development to transactional banking, Stanbic IBTC Bank offers a suite of solutions designed specifically to meet the evolving needs of today’s CEOs — from start-ups and SMEs to established corporations and multinationals.

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