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UBA partners firm on e-Payment solution

By on October 13, 2013

The United Bank for Africa Plc (UBA) Thursday revealed a new partnership with Netplus Advisory Limited to deploy secured e-payment solution for U-mall, a new e-commerce platform that has been launched in Lagos.

U-mall is a revolutionary e-commerce platform designed to help small and medium scale enterprises (SMEs) set up online stores to extend their reach and ultimately drive growth of their businesses. The new U-mall allows several small business owners in different sectors of the economy open online stores hosted on a single e-commerce platform to display and sell their goods online to potential shoppers on the internet.

According to UBA, it would be supporting U-mall with integrated payment solution to enable ease and security of payments for selected items.

The Head, e-Banking, UBA, Yinka Adedeji, said part of the key benefit of the U-mall was the removal of entry barriers for SMEs looking for a wider market for their goods through an online platform. “With U-mall such SMEs can now sell their goods easily through their U-mall space.

U-mall also provides a secondary platform for SMEs to easily reach a higher number of potential customers while retaining their traditional trading platform,” he added.

Continuing, Adedeji said: “U-mall leverages the web and mobile banking to provide an e-commerce platform that provides convenient shopping options for buyers and an easy way of selling and receiving revenues for the sellers.

“Even more, U-mall is an open self-service platform that allows merchants to register their businesses by completing store registration and mobile money forms online.”

According to Adedeji, the U-mall is not just a selling platform but also has the additional advantage of offering brand promotion for the sellers through its combined marketing strategy which promotes the platform as a whole and individual categories and stores.

On his part, the Managing Director, Netplus Advisory and Technical Partners, Wole Faroun, said: “U-mall is set to revolutionise e-commerce and it is an honour to have UBA, a bank that has led many innovations in electronic banking, as our payment partner.”

 

 

 

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