UBA Unveils NQR-Based Payment Solution

UBA Unveils NQR-Based Payment Solution
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UBA Plc has introduced another innovative payment method called NQR. The platform is an indigenous QR-code-based payments and collections solution to enhance customers’ experience for merchants and buyers.

The key element of the NQR is embedded in the UBA mobile banking app.

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It is powered by the Nigeria Inter-Bank Settlement System (NIBSS).

Head, Digital Banking, Olukayode Olubiyi, said: “Our customers are at the heart of our business. That’s why we keep going the extra mile to constantly innovate in a bid to satisfy them. As we very well know Micro, Small and Medium Enterprises (MSMEs) contribute significantly to the economy but remain heavily dependent on cash to run their businesses; however, consumers are demanding safer and more convenient ways to pay.”

“That is why we have partnered with NIBSS to introduce the NQR (NIBSS QR), which is a safe, contactless payment platform for merchants and customers to receive and make QR code-based payments for goods and services”

Olubiyi added, “This payment method is a contactless solution, poised to give customers a unique experience as it is seamless, fast, easy, secure, reliable, and account-based option dedicated to receive and pay for goods and services at their convenience”

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