• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Banking/Finance 202206

UMB Innovates With Digital Solution For Ghanacard Linkage To Accounts

06-Jun-2022
/ Banking/Finance, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank today out-doored an online platform that allows customers of the Bank link their Ghana Cards to their UMB accounts online, without having to go into their branch.

The service, dubbed EZ- UPDATE, allows customers to scan their Ghana Cards with their phones and load this information onto a secure portal. Customer are then able to sign into this portal and link their Ghana card to their account. The Bank of Ghana has set the 1st of July, 2022 as the deadline for all bank accounts in Ghana to be linked to Ghana Cards. This is in line with the Bank of Ghana’s and the Government strategy to make the Ghana Card the primary ID in the country.   

Speaking to this reporter, Nii Amankra Tetteh, Executive Director Business of the Bank noted; ”The search for a single source of truth and the consequent integration of databases is a critical ambition for Ghana, bringing financial data into this integration is important and the BoG’s support for it is commendable. We know that a large percentage of customers are cut out of banking benefits because the bank simply cannot KYC said customers.  EZ UPDATE is our own digital innovation to reflect the lifestyles of our customers today. Now our customers can conveniently update their accounts, even at 2am on a Sunday. This is the UMB advantage we are proud of and continue to deliver to Ghana, since 1972”.

With the launch of EZ UPDATE UMB joins an elite club of Banks in Ghana offering the service. Over 80% of Bank’s in Ghana currently require their customers to do the linkage in person, at their branches. UMB and a few other banks have developed digital means that allow customer to achieve the linkage digitally.

Madam Belinda Boamah – Executive Director (Strategy)  of the Bank in her  remarks on the product said, “At UMB we pride ourselves in innovating for customer convenience, since 1972.  EZ UPDATE was developed internally in the Bank with our own Ghanaian resources and its performance is world -class. It is another step in our digital reimagination journey, as we commit to becoming digital -1st for the customer, in the next 50 years of our Bank. We are working hard to get to the point where our customers can interact with the Bank fully online, guaranteeing true convenience and access.”

The service can be accessed at http://Ezupdate.myumbbank.com or by visiting the UMB website. 

UMB is a leading indigenous bank reputed for bringing a uniquely Ghanaian perspective to banking, since 1972. Headquartered in Accra and licensed by the Bank of Ghana, the bank operates out of 35 branches across Ghana. Its strategic aspiration is to become a digital 1st, SME focused bank.

The bank has pioneered several innovations in this market, including SPEEDAPP, one of the best performing agnostic banking apps in the sub-region. UMB is a strategic member of the Commonwealth Enterprise and Investment Council (CWEIC) network.


Source: Peacefmonline.com/Ghana

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Republic Bank Wins Two International Awards

Next Post

Absa Bank Introduces First-Ever QR Code Feature For ATMs

 
 

More Stories

Cedi Depreciated By 19.1% To Dollar In January 2023 – BoG
Interest Rates To Go Up As BoG Increases Policy Rate To 28%
Capital Bank Saga: Don’t Jail Me If I Fail To Pay GH₵20m In April – Says Ato Essien
Our Money Is Failing - 'My Bank Says I'll Get My ₵106k Investment In 106 weeks – Bishop Agyinasare
Govt Reaches Revised Agreement With Banks; Govt To Pay 5% Coupon This Year
Absa Bank Sets Pace In Customer Experience
Blockchain Technology – Benefits and Risks!
Bitcoin ATM and Its Significant Drawbacks!
Zenith Bank Stops Operations As Trustee: SEC Clarifies
Next Post

Absa Bank Introduces First-Ever QR Code Feature For ATMs

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Banking/Finance Stories

  • Cedi Depreciated By 19.1% To Dollar In January 2023 – BoG

  • Interest Rates To Go Up As BoG Increases Policy Rate To 28%

  • Capital Bank Saga: Don’t Jail Me If I Fail To Pay GH₵20m In April – Says Ato Essien

  • Our Money Is Failing - 'My Bank Says I'll Get My ₵106k Investment In 106 weeks – Bishop Agyinasare

  • Govt Reaches Revised Agreement With Banks; Govt To Pay 5% Coupon This Year

  • Absa Bank Sets Pace In Customer Experience

  • Blockchain Technology – Benefits and Risks!

  • Bitcoin ATM and Its Significant Drawbacks!

  • Zenith Bank Stops Operations As Trustee: SEC Clarifies

  • UBA Sets Customer Experience Benchmark In Ghana

 

 
 

Popular Videos

Kokrokoo Discussion Segment On Peace 104.3 FM (26/01/2023)

Peace Power Sports On Peace 104.3 FM(26/1/2023)

Akan News @ Midday On Peace 104.3 FM (26/01/2023)

Peace Power Sports (26/01/2023)

Kokrokoo Live On Peace 104.3 FM (26/01/2023)

Peace Power Sports (27/01/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media