The UBA transaction count is "A lot," most likely. The Original UBA Emailmoni launch was noted last October. This below was online last October. A major transition was being implemented, entirely secure, to digital identity. Initially it was shown to be available in any UBA branch. Originally it was noted that email addresses were easier to work with than account numbers. Probably individuals or business are more easily identified. Any new hyper-ingenuity with customers using Emailmoni has likely already happened, starting with them. MEC likely needs to do multiple news events to explain if that is so, and what else has been done, and what else is happening. Anyone might guess that "A lot" of news events and filings will be needed. Those can create awareness beyond the current shareholder base.
Nigerians use apps and gave internet access, but maybe at 30% of population. For many, that may be mainly email use only, possibly. Facebook can be used to get emailmoni. Customers use the UBA Facebook, a lot. Anyone can see that everyday.
_________________________________________
In order to meet the increasing demand of bank customers, banks have come up with new technology solutions that are not only making financial transactions easier, but also making them secured. The latest technology innovation and deployment from UBA, is ‘Email Moni’, which allows people to send money to customers’ email accounts, which is quite different from sending money to customers’ bank accounts. Announcing the innovation, Adedeji said it is easier to know people’s email addresses than bank account numbers, and this makes it a lot easier to transfer money to several email accounts at the same time, thus reaching out to more people digitally.
“We have launched ‘Email Moni’ officially and it is available in any UBA branch. People can actually send money via internet banking directly to the email account of someone. So people can do multiple money transfers to several email addresses and they receive it as financial figures on their emails. The platform also allows people to request for money from someone, other than sending money to someone. If money is requested, the person has the option to accept the request or decline it. Once it is accepted, the exact amount requested is debited from the account and sent via email to the address where the request came from.
So money could be sent to several people at the same time. What people need do is to enroll for the service and attach their bank accounts,” Adedeji said. According to him, UBA is using digital identity to replace account numbers. The system has been tested and it is safe.
“Transaction limit with ‘Email Moni’ for individuals is N20,000 per transaction per day, with one time password, which could be increased to N2 million upon request by the customer. But for corporate accounts, there is no limit to transaction. Again, people do not need to have bank account with UBA in order to use the ‘Email Moni’ platform,” Adedeji added.
