Home Mchanganyiko UBA PRIMES WITH SPECIAL SAVINGS ACCOUNTS FOR CHILDREN, YOUTH & TARGET SAVERS

UBA PRIMES WITH SPECIAL SAVINGS ACCOUNTS FOR CHILDREN, YOUTH & TARGET SAVERS

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United Bank for Africa (UBA) is one of Africa’s leading financial institutions, with operations in 20 African countries and 3 global financial centers: London, Paris and New York. From a single country operation in Nigeria, Africa’s largest economy, UBA has evolved into a Pan-African provider of banking and related financial services through diverse channels globally.
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On Tuesday, February 11th, 2020, United Bank for Africa brought together its customers and journalists at Serena Hotel for the launch of its retail liability products that are specifically tailored to the banking requirements of age groups to open accounts, perform basic banking transactions and make savings for future financing needs seamlessly.

The bank introduced four retail products namely UBA Malaika, UBA Janja, UBA Hazina and UBA Kizazikipya. Speaking at the event the head of Retail banking Mr. Geofrey Mtawa explained that UBA bank’sdrive is to become the number one retail banking service provider in the industry. 

Thus the retail team has reviewed and introduced a bouquet of retail products to suit the needs of diverse individuals in the market.

 “UBA is continuously innovating and developing strategies aimed at making banking seamless and effortless for millions of its existing and potential customers, while also ensuring utmost safety of their transactions”. Said Mtawa.

Explaining further about
the products he said,UBA Malaika is designed for parents keen to safeguard
their children’s future from when they are in their mother’s womb up to the age
of 12. UBA Janja is for 13 to 17 year olds who are young and diverse. 
UBA
Kizazi Kipya is for the trendsetters, fashionable and dynamic youth who make
banking a lifestyle at the age of 18 -25. Whereas Hazina is for those who wish
to fulfill their dreams and aspirations by saving money to meet their future
funding requirements be it for schooling, business set up or a project. 
This
caters for the adults from the age 25 and above.It was, therefore, not
surprising that UBA would score yet another first with the introduction of retail
liability products that are capable of revolutionizing the way banking is done
in Tanzania.

Speaking of the new products,Usman
Isiaka,Managing Director/CEO, UBA Tanzania, explained that UBA aims at making
banking a lifestyle andwill always strive to give customers excellent yet
innovative services.

“The formulation of
these product is consistent with the bank’s customer-first philosophy, where we
are doing things not the way we like but exactly what the customers want, where
they want it, and in the exact way they want. 
In UBA, we focus on coming
up with various products and services delivered on a platter of cutting edge
technology and customer service excellence to improve our market share and
competitiveness in the industry” he said.

Usman Isiaka noted
further that the launching of the products, especially the Malaika and Janja
accounts aligns with the financial inclusion objective of the Bank of Tanzania
as children and teens will be indirectly exposed to banking services at the
infancy stage of their lives through their parents or guardians that will be
the signatories of the accounts till they attain the age of 18. 
We have
packaged the products with special features andbenefits that suit the specific
requirements of the various age groupsand target savers.

With eyes on the
future, and conversant with the new trend in customer behaviour, the bank is
constantly innovating, taking strategic steps to integrate more people into the
digital financial services net, drive down cost of service, and build consumer
confidence in all platforms.

About UBA

United Bank for Africa (UBA) is one of Africa’s
leading financial institutions, with operations in 20 African countries and 3
global financial centers: London, Paris and New York. From a single country
operation in Nigeria, Africa’s largest economy, UBA has evolved into a Pan-African
provider of banking and related financial services through diverse channels
globally.