UBA Senegal Signs MoU with National Union of Merchants

UBA Senegal recently signed a MoU with the National Union of Merchants of Senegal to provide E-banking and Retail Products to the Union.

L-R: Idy Thian, President, UNACOIS and MD, UBA Senegal, Amie Sow at the signing ceremony

The National Union of Merchants of Senegal, which is the most powerful professional organization in the country, has about 70, 000 members drawn from various sectors of the economy.

The MoU covers the issuance of 10, 000 co-branded cards on a pilot phase to the members of the Union with the provision of a further 10,000 cards based on the success of the pilot phase.

The partnership will see the opening of savings accounts for every member of the union, with a target of having 30,000 accounts opened by end of 2015.

The Union will become UBA’s sub-agent on WUI, MGI, RIA and AFRICASH operating from the 25 offices of the Union throughout the country. Members of the Union will use the AFRICASH platform for all remittances throughout Africa. 
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