Skip to main content

UBA officially launches REDSHOP in Ghana



Story by: Fred Yaw Sarpong
United Bank for Africa (UBA) has officially launched remittances office in some of it branches in Accra, with the hope to make it available in all UBA branches across the country.

The initiative is to decongest the banking halls nationwide with queue less alternative in which recipients of money transfers from the Diaspora will forever enjoy stress free, safe and fastest transfer transaction in less than five minutes.

In a statement issued by the Corporate Communications Department of the bank and copied Daily Express stated that, currently the REDSHOP services are available in UBA branches at Spintex, Madina and Abossey Okai.

The model of the REDSHOP in these selected localities was based on closeness to the ideal target market of receivers, visibility at street level and visit areas.

The service REDSHOP is designed to operate as a separate from UBA banking hall activities with solely remittances responsibility for recipients of Moneygram, Western Union and Africash transfers from abroad.

‘Before the end of the year more REDSHOPS are expected to be available in other region of Ghana,’ the statement noted.

This service (REDSHOP) is safe, quick and stress free mode of receiving remittances in less than five minutes at UBA branches.

The UBA REDSHOP is an innovative transfer service with the aim to alleviate the congestion, stress and frustration recipients of remittance go through daily to receive money from relatives and friends from abroad as well as provide an unmatched and dedicated service to the recipients of foreign inflows.

The REDSHOP is expected to provide prompt, reliable and fast payment in not more than 5 minutes; convenient, queue less and serene environment for transactions; and unquestionable Customer Satisfaction devoid of setbacks.

UBA Ghana is the first bank in the country to introduce this service to clients in the banking sector.

This paper learnt that the bank’s superior IT Infrastructure enables it to offer the most convenient platform for payment of remittances.

The UBA Platform is highly automated with efficient transaction solutions. This efficient platform is devoid of any manual manipulation and it enables the system to perform all sorts of validation checks to ensure that both the sender and receiver of the remittance are saved from third party fraud.

Comments

Popular posts from this blog

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…

Vodafone fined a record £4.6 million for IT blunder

A top-up error left pay-as-you-go customers out of pocket and complaints were mishandled
Vodafone has been fined a record £4.6 million by the telecoms watchdog forleaving thousands of customers out of pocket in a disastrous IT blunder.
Ofcom found that the operator mishandled complaints and failed to pay into the accounts of more than 10,000 pay-as-you-go customers when they topped up their credit.
The top-up error, which cost customers £150,000 over 17 months in 2014 and 2015, stemmed from the moving of 28.5 million accounts to a new billing system.Errors in billing data and price plans caused so much protest that it made Vodafone the most complained-about mobile network in Britain.The technical issues were resolved by April 2015 and all accounts are now on the new system, Vodafone said.
Lindsey Fussell, Ofcom’s consumer group director, said:“Vodafone’s failings were serious and unacceptable, and these fines send a clear warning to all telecoms companies.”
The company says that it has ref…

Enterprise Life inaugurates social centre for Kumasi SOS village

By: Fred Yaw Sarpong
Enterprise Life and Sanlam South Africa together with SOS Children’s Villages Ghana have jointly inaugurated a newly constructed social centre at the SOS Children’s Village, Kumasi in the Ashanti region.
The project, valued at GHc485,000.00 forms part of Enterprise Life and Sanlam-South Africa’s corporate social responsibility (CSR) to promote quality education and health for vulnerable children in Ghana.
The newly established social centre provides a suitable multi-purpose facility with a spacious auditorium among others to host different social activities related to child growth and development and will cater for both SOS children and students of the Hermann Gmeiner School.
The centre also offers the beneficiaries the opportunity to freely socialize and participate actively in educational oriented activities such as school concerts, art exhibitions and workshops.
The Executive Director of Enterprise Life, Mrs. Jacqueline Benyi expressed satisfaction that her outf…