United Bank for Africa Nigeria

UBA Nigeria, listed here as United Bank for Africa Nigeria, offers POS acceptance for Visa, Mastercard and Verve cards and a portal for processing merchant disputes. It serves micro, small and medium enterprises in Nigeria and also offers business bank accounts.

Merchant acquiring

The listed services are merchant acquiring, POS, a merchant dispute portal and business bank accounts. The Red Pay POS product states same-day settlement. This is a claim of the product, and settlement terms differ by legal entity and market, so a merchant should confirm the timing in the agreement.

Onboarding

To connect, the bank names a current or corporate account with UBA and a CAC certificate for a registered business. CAC refers to Nigeria's corporate registry. Requirements, account types, currencies and card networks are described separately for each legal entity and market, so those for Nigeria should be checked directly.

Who it suits

The bank targets micro, small and medium-sized enterprises. A merchant that wants an acquirer and a business account with one provider can use the combined offering, while one that mainly needs online acceptance should ask the bank which e-commerce channels are supported. The commission rates are not given in the published description.