GLOBAL electronic payments company- Visa, in partnership with United Bank of Africa Plc (UBA) have launched a new payment solution called “SmartMoney”, which comprises a prepaid card and mobile app for the African market.

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

Speaking about the launch, Deputy Managing Director and Chief Executive Officer UBA Africa, Kennedy Uzoka, 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 enjoy all the features of a bank account and the minimal costs associated with the prepaid card are a massive plus,” he said.

The Country Manager, Visa in West Africa, Ade Ashaye, noted that now that the SmartMoney app has been conceptualized and launched, the SmartMoney card has evolved to support greater utility.
“Once you download the app and link it to your card, you enter into a whole new world of controlling your money”, he stated.
He explained that SmartMoney provides convenience to make purchases, perform online transactions and access to cash from ATMs.

SmartMoney app users also have the ability to check card balances; track and budget spend, or send and receive funds between SmartMoney cardholders.

The SmartMoney Visa Prepaid card can be obtained and reloaded at UBA business offices and all that is required is a valid means of identification and a photo.
The SmartMoney app can be downloaded from Google Play or Apple iOS Store, and gives you even further control of your money.
Visa and UBA have launched SmartMoney in Nigeria, Ghana and Kenya before rolling out to other African markets in 2016.