United Bank for Africa Plc (UBA) has introduced a new financial product, the UBA SME Card, specifically tailored to support Small and Medium Enterprises (SMEs). Launched during the 38th Lagos International Trade Fair, this new solution aims to empower small business owners with efficient financial management tools, seamless access to financing, and exclusive benefits to enhance operational success.
According to UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, the bank’s commitment to investing in cutting-edge technology and training for SMEs is yielding strong business results and is essential to helping these businesses grow and thrive in an increasingly competitive market. Fashola emphasized the bank’s strategy to equip SMEs with innovative resources to streamline expenses and manage finances effectively.
The UBA SME Card is designed to empower entrepreneurs with accessible and tailored financial solutions, with additional benefits aimed at supporting cross-border trade. Fashola noted that UBA’s operations in 20 African countries position the bank to foster intra-African trade, a crucial factor for sustainable growth across the continent. Through its partnership with the African Continental Free Trade Area (AfCFTA), UBA is committed to promoting cross-border economic integration.
Head of SME Banking at UBA, Babatunde Ajayi, highlighted that the SME Card goes beyond financial access, offering strategic solutions that target funding gaps for small businesses, especially among youth and women entrepreneurs. Ajayi also underscored UBA’s long-standing partnership with the Lagos International Trade Fair, emphasizing their dedication to creating value for African businesses through collaboration with partners like Afreximbank to enhance seamless trade across the continent.
