AfriCash

It is a simple, secured web based platform that allows individuals to Send and Receive funds across the continent.

Send and receive money in Africa with AfriCash

UBA-AfriCash is designed to provide an efficient payment system for the booming and largely informal trade activities within the African Regions of the WAMZ, UEMOA, CEMAC and East/Southern Africa as well as provide a platform for settlement of imports and exports in respect of their formal trade transactions.

Features

  • It can be initiated /received from any branch in local currency
  • Beneficiary can receive funds instantly after transfer has been effected.
  • AfriCash is available to account holders and walk-in customers
  • The exchange rate is automated on the platform based on daily rates advised by treasury department.
  • The product gives window for refund or cancellation based solely on sender’s request or technical problem.

Benefits

  • The transaction is tied to reference code, test question and answer which makes it very secure.
  • It is fast, convenient and easy to access. The transfer can be collected within five minutes.
  • It can be initiated /liquated from any business office between two African countries in LCY/USD (where regulations allow USD transfers).

Requirements

  • A valid means of ID: International Passport, National lD, Driver's License, Voter’s Card or other acceptable government issued ID
  • GHS25 for transactions below GHS1,000 GHS57.1 + 3% of Principal for transactions above GHS1,000
  • Reference number (For Receive transactions)
  • Transfer Details of sender and receiver
  • Test question and answer

Operation Areas: All countries where UBA has a presence in Africa.

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