UBA Unveils New Aggregator Sales Structure to Boost Agency Banking, RedPay POS Network

UBA Unveils New Aggregator Sales Structure to Boost Agency Banking, RedPay POS Network

Lagos, Nigeria – United Bank for Africa (UBA) Plc has launched a new Aggregator Sales Structure for its RedPay Point-of-Sale (POS) terminals and UBAMONI Agency Banking network, in a strategic move aimed at strengthening partnerships, enhancing agent productivity, and deepening financial inclusion across Nigeria.

The multi-benefit framework was unveiled at the inaugural UBA Aggregator Engagement Session themed “POS-itive Impact: Connecting Agents, Merchants, and Customers,” held at the bank’s head office in Marina, Lagos.

The engagement session brought together key industry aggregators, POS partners, and network managers to align strategies for scaling the UBAMONI Agency Banking ecosystem and expanding access to reliable financial services in underserved communities.

Speaking at the event, UBA’s Executive Director-Designate, Digital Banking, Emmanuel Lamptey, described the initiative as a significant milestone in the bank’s drive to democratise financial access.

“Today’s session marks a pivotal step in our collective journey to democratise financial access in Nigeria. By bringing together our valued aggregators and partners, we are strengthening the ecosystem that connects UBA directly to communities and ensuring that reliable financial services are within everyone’s reach,” Lamptey said.

In his keynote address, UBA’s Head of Digital Banking, Shamsideen Fashola, highlighted the strategic importance of the new structure, noting that aggregators are central to the bank’s ambition of building Africa’s most impactful digital collections network.

“Our aggregators are fundamental to realising our ambition of building Africa’s most impactful digital collections network. This structured framework is designed to be scalable, transparent, and mutually rewarding, empowering our partners with the technology and support needed to drive agent productivity and effectively serve underserved communities,” Fashola stated.

According to the bank, the platform offers comprehensive value to agents and aggregators, including instant settlement, reliable transaction processing, real-time dashboard reporting, and a full suite of services such as dispute resolution, terminal management, analytics, card withdrawals, bill payments, and pay-with-transfer options.

For aggregators, the model provides structured opportunities to onboard and manage agents within UBA’s network, access competitive incentives and commissions, and leverage a dedicated Aggregator Admin Portal that offers real-time visibility into agent performance and transactions.

Also speaking, UBA’s Head of Agency Banking, Adetunji Iyiola, emphasised the customer-centric focus of the initiative, noting that it strengthens collaboration between the bank, merchants, and agents.

“This rollout is about creating superior value for every stakeholder and enabling better service delivery to customers, while ensuring our partners have the tools and incentives to thrive. It reinforces our promise to deliver essential banking services exactly where they are needed most,” Iyiola said.

With the introduction of the aggregator framework, UBA further reinforces its leadership in delivering innovative digital financial solutions aimed at bridging the financial inclusion gap and driving economic empowerment across Africa.

United Bank for Africa is one of the largest employers in Africa’s financial services sector, with 25,000 employees group-wide and more than 45 million customers globally. The bank operates in 20 African countries as well as in the United Kingdom, United States of America, France, and the United Arab Emirates, offering retail, commercial, and institutional banking services powered by cutting-edge technology.