Celebrating A Decade of Digital Transformation in Africa

VERICASH, a leading fintech enablement platform live across 24 African countries, is proud to celebrate a decade of transformative collaboration with United Bank for Africa (UBA) and CWG, a partnership that has redefined digital banking across the continent.

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Since its inception, the strategic alliance has powered the development and success of the UBA Mobile App, a platform that has revolutionized how millions of Africans access and use financial services. With over 10 million downloads and a presence in more than 20 countries, the UBA Mobile App today stands as one of the most impactful digital banking platforms in Africa.

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As part of this journey, CWG, one of Africa’s leading technology companies providing innovative solutions across the continent, has served as the regional Centre of Excellence for the VERICASH platform, ensuring operational excellence, scalability, and continuous support services across multiple markets.

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Speaking on the success of the partnership, Shamsideen Fashola, Group Head of Retail and Digital Banking at UBA, highlighted how the collaboration has helped drive inclusion and global standards in digital finance:

This partnership with VERICASH has been instrumental in positioning UBA as Africa’s premier digital banking institution, which is indicated by the number of downloads and transactions we have processed in the past years. We made banking accessible to the unbanked, enabling millions of Africans to participate in the formal financial system from the comfort of their homes, which reflects our commitment to financial inclusion and our vision of becoming Africa’s global bank.

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Adding further perspective on the milestone, Adewale Adeyipo, CEO of CWG, noted:

At CWG, we are proud to have played a pivotal role in this partnership that has reshaped Africa’s digital financial ecosystem. Over the last decade, our collaboration with UBA and VERICASH has proven what is possible when technology and vision come together. Looking ahead, we remain committed to enabling even greater innovation, scale, and financial inclusion for millions across the continent

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Reflecting on this milestone, Ashraf Zaki, Executive Chairman of VERICASH, expressed his organisation’s pride in the long-standing collaboration:

Our collaboration with UBA and CWG over the past decade has been transformative, not just for our organizations, but for the entire African banking landscape. With the VERICASH platform at the core, supported by our strategic partnership services, we have been able to deliver cutting-edge solutions that empower banks and financial institutions to scale with confidence. UBA’s commitment to innovation, combined with our technology and CWG’s operational excellence, has created a digital banking experience that rivals the best in the world.We’ve witnessed firsthand how UBA’s commitment to innovation, combined with our technology and CWG’s support, has delivered solutions that have become benchmarks for digital banking across Africa.

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To commemorate this milestone, UBA has launched a 10-week celebratory promo for mobile app users, rewarding customers for their loyalty and sustained trust in the platform.

Together, VERICASH, UBA, and CWG continue to shape the future of digital finance in Africa, empowering customers, driving inclusion, and setting new global standards for banking innovation.