United Bank for Africa Plc has unveiled a new Aggregator Sales Structure for its RedPay POS and UBAMONI Agency Banking Network, in a move aimed at deepening financial inclusion and strengthening partnerships across Nigeria’s fast-growing digital payments ecosystem. The framework was formally introduced at the inaugural UBA Aggregator Engagement Session held at the bank’s Head Office in Lagos, bringing together key aggregators, POS partners and network managers under the theme “POS-itive Impact: Connecting Agents, Merchants, and Customers.”
The initiative is designed to provide a structured and multi benefit model that enhances collaboration between UBA and its network partners, while expanding access to essential financial services in underserved communities. Speaking at the event, UBA’s Executive Director Designate for Digital Banking, Emmanuel Lamptey, described the launch as a strategic milestone in the bank’s financial inclusion journey. He noted that aggregators and partners remain central to connecting the bank directly to grassroots communities and ensuring reliable banking services are accessible to millions of Nigerians.
Also speaking, the bank’s Head of Digital Banking, Shamsideen Fashola, outlined the strategic intent behind the new structure, describing aggregators as critical to UBA’s ambition of building one of Africa’s most impactful digital collections networks. According to him, the framework is structured to be scalable, transparent and mutually rewarding, equipping partners with the necessary technology, incentives and operational support to drive agent productivity and expand service delivery to underserved populations.
Under the new structure, agents and aggregators will benefit from instant settlement, reliable transaction processing, real time dashboard reporting and a comprehensive suite of services including dispute management, terminal support, analytics, card withdrawals, bill payments and pay with transfer options. Aggregators will also have access to a dedicated Admin Portal that provides real time visibility into agent performance and transaction activity, alongside structured onboarding processes and incentive driven commission models.
UBA’s Head of Agency Banking, Adetunji Iyiola, emphasised that the framework is customer centric and designed to create sustainable value for all stakeholders. He said the rollout strengthens collaboration between the bank, merchants and agents, while ensuring that partners are empowered with the right tools to thrive. With operations in twenty African countries as well as the United Kingdom, United States, France and the United Arab Emirates, and serving over 45 million customers globally, UBA continues to position itself at the forefront of digital innovation and financial inclusion across the continent.