Global electronic payments company Visa, in partnership with United Bank of Africa Plc (UBA) announces the launch of “SmartMoney”, a 21st century banking solution comprising a prepaid card and a mobile app for the African market.

The partnership brings together Visa Inc’s trusted payments technology and SmartMoney’s mobile app experience to establish a millennial centric product proposition, for consumers who want to be in control of their money.

Speaking about the launch, Mr. Kennedy Uzoka, DMD & CEO UBA Africa, said: “Modern, young Africans are constantly seeking and devising new ways to be banked. It is with this realisation that the SmartMoney prepaid card was first developed and introduced into the market in partnership with Visa.”

The SmartMoney prepaid card allows young people to be banked. This means they are able to enjoy all the features of a bank account and the minimal costs associated with the prepaid card are also a massive plus.

“Now that the SmartMoney app has been conceptualized and launched, the SmartMoney card has since evolved to greater utility. Once you download the app and link it to your card, you enter into a whole new world of control. “added Mr Ade Ashaye, country manager, Visa West Africa.

SmartMoney provides convenience to make purchases, perform online transactions, shop during international travel and access to cash from ATMs.