United Bank for Africa (UBA) Plc has partnered with Netplus Advisory Limited to deploy a robust web payment solution for U-Mall, a new e-commerce platform, in line with the bank’s commitment to the growth of Small and Medium Enterprises (SMEs).
U-Mall is a revolutionary product in the e-commerce space and is designed to help SMEs set up own online stores in a bid to extend reach and ultimately drive growth of their businesses.
The platform is designed to host several stores across various retail categories. Merchants will be able to open virtual stores to display an inventory of their products to potential Shoppers on the internet. UBA Plc, known for its e-banking proficiency is supporting U-Mall with an integrated payment gateway.
Yinka Adedeji, divisional head, e-Banking, UBA Plc, stated that a core proposition of U-Mall is the removal of entry barriers to SMEs owning online platforms.
He emphasised that U-Mall leverages the power of the web and mobile to provide an e-commerce platform that affords the convenience of shopping to Customers and the ease of selling and reconciliation to Merchants.
Adedeji described the platform as a self-service solution which allows Merchants to register their businesses online (www.umall.com.ng)
It must also be noted that U-Mall has a robust logistics system for all purchases completed on the site, managed by the Logistics Partner, FedEx (RedStar Express Plc).
Commenting on the relationship, Wole Faroun, managing director Netplus Advisory and Technical Partners on the project said ” U-Mall is set to revolutionize e-commerce and it is an honour to have UBA, a bank that has led many innovations in electronic Banking as our Payment Partner”.
United Bank for Africa (UBA) has operations in 19 African countries including Nigeria, as well as offices in New York, London and Paris providing broad-based banking services to over seven (7) million customers. The Group offers a bouquet of banking services and products designed to meet the specific banking needs of its Customers/end