Nigeria: Union Bank Unveils 'Unionpro' to Strengthen Retail Trade

20 April 2021

Union Bank of Nigeria Plc has unveiled 'UnionPro' which it stated was designed to provide tailored financial services and solutions to supermarkets and large retail chain stores in Nigeria.

It said UnionPro would enable large retailers to access a single platform that offers wide bouquet of solutions to enrich their businesses and optimise their offerings.

These solutions include agency banking, point-of-sale (POS) terminals, in-store ATM deployments, web payment gateways and access to Union360, which is a secured web-based solution that offers end-to-end single point for payments and collections.

The UnionPro would also enable retailers to benefit from overdrafts, short-term finance, distributor finance and invoice discounting finance.

The Union Bank's Divisional Executive for Commercial Banking, Ms. Gloria Omereonye, highlighted the key role of large retail stores and supermarkets in boosting the economy, stating that UnionPro is one of the bank's strategic approaches to developing innovative services that would support its customers' businesses.

She said: "We are proud to support local businesses through tailored products and services that ease the challenges of doing business in Nigeria. With UnionPro, we are making a commitment to work closely with large retailers, providing the necessary support they require to grow and expand their businesses."

Union Bank is noted for offering wide range of products and services for both Small and Medium Enterprises and larger businesses as it remains focused on enabling the success of its customers through innovative finance solutions and platforms.

More From: This Day

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.