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Christmas Came Early with the Rapidtransfer App



As Christmas approaches, many of us are already planning our expenses for the holiday period, because we all know that December is a very expensive month and January is a very loooong month.


For those abroad, I am sure you have already started getting the “please send money for us to buy rice” calls; and for us in Nigeria, we already have a list of family members we plan to call to send funds back home.


Do you remember the stress of sending money home? What if we told you that there was an easier way; one that can be done at a tap, right from your mobile phone… and for those receiving, unless they want to get cash, they do not have to lift a finger? Sounds tempting eh?


That easier way is the Rapidtransfer App!

Rapidtransfer is now a mobile app that enables people living abroad send money to Africa, easily and instantly. Just download the app from the App store or Play store and link your bank card (Visa or Mastercard) and funds you send to Africa can be remitted straight into their account.


If the thought of sending money to loved ones instantly and hassle-free doesn’t whet your appetite, how about the fact that funds sent attract ZERO FEES! Yes, I did say ZERO Fees! So all that calculating how much the charges will be or the internal guilt because you want to pass on this cost to loved ones no longer applies. I am sure your loved ones receiving the funds in Nigeria will be only too happy to get all the funds you sent – leave no “change’ for the bank.


Well, If you want more, you’ve got to read on, because the Rapidtransfer App has a lot more to offer.


What else can the app do? Apart from the fact that it is truly convenient, fast and completely secure, your loved ones get the funds instantly…ALL the funds sent.


With the Rapidtransfer app, you have more control at your fingertips; you can check your rates before you send funds, manage your account and recipients, set and change your PIN for increased security, make enquiries about transactions, update ID information and documentation as well as change your language. With all this power at your disposal with just a simple Tap, what else could you ask for?


Oh! There’s one more thing… I mentioned that you are able to check exchange rates on the app right? There’s a reason for this. The Rapidtransfer App gives senders and receivers the best rates in the market. If you don’t believe me, download the app now and check for yourself.


With unbeatable forex rates, and Zero fees until 31st January 2019, Christmas has indeed come early for your loved ones in Nigeria… and it also means you too have a little more in your pocket to get something small for yourself.


Anyone who said “no good deed goes unpunished” did not have the Rapidtransfer App obviously… because doing good never felt so easy or rewarding.


So, do yourself and your loved ones a favour; download the Rapidtransfer App right now. Getting started is also very simple. All you need is the app, a registered telephone number in the country where you are, valid ID, your bank card and Voila! You are all set up.


In the spirit of Christmas, we are throwing in a little extra. If you share the love and refer a friend (using a special code within the app), we will give you extra benefits and discounts. The more your share the app, the more you earn.


Don’t keep the Rapidtransfer App to yourself; just like Christmas, It is the season of giving, so give freely and with a smile


Rapidtransfer…Abroad money to Naija fiam!


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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UBA Customers Win N30m in Wise Savers Promo, N90m Still Up for Grabs



Group Executive, Digital & Consumer Banking, United Bank for Africa (UBA) Plc, Anant Rao; Officer, Consumer Protection Council (CPC), Abideen Onifade; Executive Director, UBA Plc, Liadi Ayoku; Regional Head Lagos, UBA Plc, Aminat Tunji-Akinwande; Head, Retail Liabilities, UBA Plc, Tomiwa Sotiloye; and Marketing Monitoring and Enforcement Officer, National Lottery Regulatory Commission, Nwanneka Ezeani, at the First Quarter Draw of UBA Wise Savers Promo where 20 Savings Account Holders won N1.5m each, in Lagos on Tuesday

United Bank for Africa (UBA) Plc, Pan-African financial institution, has rewarded 20 loyal customers with N1,500,000 each, in the first edition of its quarterly draw for the ongoing UBA Wise Savers Promo, which was held at the bank’s headquarters in Lagos on Tuesday.


At the event, a total of N30,000,000 was won by 20 lucky customers who were selected following a draw that was witnessed by key regulatory officials including representatives of the National Lottery Regulatory Commission, (NLRC); Lagos State Lottery, Board, (LSLB) Consumer Protection Council (CPC) as well as members of the media.


To qualify for the draws, new and existing customers of the bank are expected to save at least N10,000 each month for three consecutive months, or N30,000 for 90 days in the  promo, which will run for the rest of the year. Apart from the N30 million won by 20 customers on Tuesday,  another N90 million is still expected to be won by 60 more loyal customers in the remaining three quarters of the year.


The winners, who cut across all regions of the country, are: Nnadumije, Ebube Dawn; Onwochei Christiana Okwukwe; Eze Mathias Nnaji; Christian N Orie; Uka, Okwudiri; Okata Stephen Uche; Okafor Onyinye Esther; Nwanekezi Chimezie Jude; Ayomide V Yahaya and Olanegan, Oyetunde Keji.


Others are Emmanuel Onu Chidozie; Mohammed Fatima; Aminu, Mustapha; James Nanre; Pahinti Albert; Emmanuel O Adeniji; Jaki Movihinze Mercy; Saminu Muritala Mohammed; Ezeh Raphael Uballa; Uchenna Iheji.


When contacted on the phone, one of the 20 lucky winners; Nnadumije, Ebube Dawn, excitedly  expressed gratitude to the bank and said he was happy to be a customer of the bank. He thanked the bank, and said the move was thoughtful and will help to enrich customers especially during these trying economic times.


Mr. Anant Rao, Group Executive, Digital and Consumer Banking who addressed participants at the event, said the promo was launched as part of the bank’s initiatives towards prioritising customers.


He added that customers who save consistently would be rewarded in order to promote the financial inclusion initiatives of the bank.


‘We believe it is time we rewarded our customers who have been very loyal over the years. Without them, we would not have made the giant strides attained thus far’ .


According to Rao, “Because our customers are invaluable to all that we do, we listen and give them nothing short of the best that they deserve’


“We remain committed to consistently improving customer service and rewarding our loyal customers. The Wise Savers Promo seeks to compliment current initiatives aimed at growing savings,” he noted.


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CBN, SEC Grant Approval in Principle to Access, Diamond banks’ Merger



Access Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria and the Securities and Exchange Commission on their proposed merger plans.

Mr. Victor Etuokwu, Access Bank Executive Director, Personal Banking,  said in Lagos that CBN and SEC had granted both banks approval in principle for the merger process.

Etuokwu said that the banks were awaiting the final approval which would be granted after convening shareholders meeting.

“So far, we have gotten approvals up to approval in principle. There are three approvals that we need for this process.

“The first one is the pre-order approval which is like the first approval, the next approval is the approval in principle.

“The final approval comes after approval in principle and it will come after you have convened your shareholders meetings,’’ Etuokwu said.

He said that the banks would convene shareholders meetings in February, noting that the approval would be taken to court once approved by the shareholders.

Etuokwu said all the processes including final approval would be completed in the next 60 days.

He said that the new bank would remain committed to retail and corporate banking to drive financial inclusion for desired growth and development.

“We need to invest in retail market to drive economic growth, this is what the new bank will do, a strong corporate and a strong retail bank,’’ he said.

On staff retrenchment, Etuokwu said that members of staff would be retrained for different roles in case of overlapping.

“Staff will be retrained for new roles where there are overlaps, one of the branches can be converted to an e-branch or Automated Teller Machine gallery,’’ he added.

Mr Robert Giles, in charge of Retail, Diamond Bank said that integration of both banks had commenced for seamless service delivery.


Giles said that ATMs of both banks could be used by customers at no cost, noting that they were committed at taking costs away from customers.

Access Chief Executive Officer, Mr. Herbert Wigwe, at a joint news conference recently said it had already finalised terms and obtained regulatory approvals for a Tier II capital issuance to raise $250m available for draw down in January 2019.

He said that the bank had also obtained “No Objection’’ from the CBN to undertake a Rights Issue to raise up to N75bn or $207m in the first half of 2019.

Wigwe said that shareholder approvals and other regulatory approvals to that effect would be obtained before the offer opens.

He noted that the fund raising exercise would accelerate the capital management plan to support retail growth previously set out in the bank’s five-year strategy.

Wigwe said that the bigger entity was ready to absorb the staff of Diamond Bank at the completion of the deal by end of Jun, without any disengagement.


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Zenith Bank Excites Customers with Account Blocking Code



Zenith Bank has introduced Account Blocking code 966911#, which now allows customers who suspect their accounts have been compromised, or who lost/misplaced their debit (ATM) cards to dial the Block Account Code on the phone numbers registered with the account to secure their funds.


This has become necessary as the bank plays deeper into the retail end of the banking industry, using its top notch technology and array of innovative products as it works to deepen financial inclusion in conjunction with regulators of the nation’s financial system regulators.


Other codes as part of the Eazy Way banking offered by Zenith Bank include the 966# to ease account opening process by potential customers; while checking account balance has never been easier than dialing *96600#.


Customers who desire to reset their Personal Identification Number (PIN), or Password, the bank continued, can do so from the comfort of their homes with 96660#.


To update Bank Verification Number (BVN), the statement said customers can dial 966BVN#; and dial 966AmountMobileNo.# to buy airtime. By dialing 966AmountAccountNo.# for funds transfers.


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