Global Technology Partners (GTP) has ranked United Bank for Africa (Ghana) Ltd. as the Best Prepaid Card Bank in Ghana.
Mr. Ike Anison, the Senior Vice President of Global Technology Partners, who presented the award, spoke about GTP’s flexibility and how its genuinely help partners like UBA to provide outstanding service to its consumers.
Ike praised the bank for adopting the Prepaid card concept to make transactions easier for its clients. He also mentioned that, immediately after the end of the trial with Ivory Coast’s banking industry, Mastercard prepaid and virtual cards will be presented to the Ghanaian market soon.
Olalekan Balogun, the Managing Director and CEO of UBA Ghana, accepted the award and praised GTP for being in a long-standing relationship with them and how they have collaborated to expand UBA’s market penetration.
Prepaid cards, Mr. Balogun said, are extremely handy and secure to use, but they are less common in Ghana. The United Bank of Africa, Africa’s Global Bank, is one of the few banks that offer prepaid cards. The UBA Visa Prepaid card is EMV Chip approved and comes with all of the power, convenience, security, and prestige that Visa has to offer.
Mr. Balogun added that the card is now meant to serve two types of entities: individuals and businesses. Corporate Expense and Co-Branding are the two options available under corporate.
The UBA Prepaid card, which is equipped with a number of fraud detection and prevention features, can reduce fraud to a certain extent. Every transaction requires a pin because the card has a chip integrated into it.
The card features a transaction velocity limit, which prohibits the user from going over their spending limit or making too many transactions in a short amount of time.
Best CSR initiative award
At the recently concluded Middle East and Africa Retail Banking Innovation Awards 2021, United Bank for Africa Ghana Ltd, Africa’s Global Bank, was named the Best CSR Bank.
The award was given to the bank in appreciation of the imaginative roles it played in its corporate social responsibility, according to a press statement posted on UBA’s website.
Since 2014, the Bank has provided university education funding to 21 students, with the most recent three recipients about to commence their studies at various tertiary institutions throughout the country.
The National Essay competition’s top three winners will each get a $5,000 bursary, with the first, second, and third awards being $3,000 and $2,000, respectively. In addition, all ten competition finalists will get high-definition laptops as well as participation certificates.
Deputy Managing Director of UBA Ghana, Mrs. Sylvia Inkoom, commenting on the award at the launch thanked the award organizers and highlighted their commitment to serving the community and making a difference in people’s lives.
“We are delighted to be recognized with this award, which speaks of how the National Essay Competition is making a positive impact on the society by way of providing students with an opportunity to attend tertiary institutions.
“This further demonstrates our commitment to helping our community and the country by way of investing in education and empowering the youth.”
Mrs. Sylvia Inkoom
READ ALSO: BoG Bags $40 Million In Forward Forex Auction, Bids Oversubscribed
