United Bank for Africa (UBA), Redtech and MoMo Payment Service Bank (PSB) announce a payment interoperability partnership to expand cardless payment access for consumers and merchants across Nigeria. The arrangement combines Redtech’s payment technology and enablement capabilities, UBA’s merchant-acquiring and distribution layer, and MoMo PSB’s mobile money wallet ecosystem and customer base. Under the initiative, MoMo PSB customers can make payments directly from their mobile wallets at UBA merchant locations using a “Pay with MoMo” feature. The outlets describe the effort as enabling cardless transactions at merchant points that are connected to UBA’s acquiring network, aiming to widen the availability of cashless payments beyond card-based options. The announcement is framed as improving merchant reach and giving customers an additional payment method through their existing MoMo wallet balances. The reports do not provide specific rollout timelines, transaction volumes, or fees, but they agree on the partnership’s purpose: to connect wallet-based payments with merchant acceptance through interoperability.
UBA, Redtech and MoMo PSB expand cardless merchant payments via interoperability
United Bank for Africa (UBA), Redtech and MoMo Payment Service Bank (PSB) announce a payment interoperability partnership to expand cardless payment access for consumers and merchants across Nigeria....
- UBA, Redtech and MoMo PSB launch a payment interoperability partnership in Nigeria.
- The partnership combines Redtech’s payment technology with UBA’s merchant acquiring and distribution layer.
- MoMo PSB customers can pay at UBA merchant locations directly from their mobile wallets.
- The service is described as “Pay with MoMo” for cardless payments.
- The initiative aims to expand cardless payments for both consumers and merchants across the country.
The partnership brings together Redtech's payment technology and enablement capabilities, UBA's merchant-acquiring and distribution layer, and MoMo PSB's mobile money wallet ecosystem and customer base The post UBA, Redtech, MoMo PSB expand merchant payment access across Nigeria appeared first on Premium Times Nigeria.
3 months agoBy Babajide Komolafe United Bank for Africa (UBA), Redtech, and MoMo Payment Service Bank (PSB) have launched a payment interoperability partnership aimed at expanding cardless payment access for consumers and merchants across Nigeria. With the initiative, MoMo PSB customers can now make payments directly from their wallets at UBA merchant locations using the “Pay with MoMo” […] The post UBA, Redtech, MoMo PSB expand cardless payment access appeared first on Vanguard News.
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