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Category II Microfinance Institution offering online, mobile and conventional banking products and services.
UNICS Group
Rue Marie Gocker Yaoundé 3112 Yaounde
unicscustomercare@unicsgroup.com
Our Products
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Money Transfer
Money transfer is generally referenced to manual payments (cheques), to bank transfer orders (between two bank accounts), to interbank transfers, to electronic transfer of funds by using a bank card and accredited money transfer Agency.
These are account to account transfers done from an account domiciles with UNICS to another account domicile with UNICS or another financial institution in Cameroon or abroad.The funds transferred could be destined to the same Customer or to a third party. It could equally be a transfer from one account to many or from many accounts to one. Bank transfers could be permanent over a specific duration and amount (Bank Standing order) or it could be a one-time transaction of a specific amount.
These are electronic transfers of money through specially designed platforms that are interconnected. It can be through the internal software of the institutionor through the platform of an accredited money transfer company. Some characteristics include: rapidity (funds immediately available after transfer), reliability and simplicity for Customers as it can be used by Customers that do not have a bank account. Some of these electronic transfer products are
SPEEDY CASH: This is an in-house local money transfer platform which is interconnected at all UNICS Branches.This service can be used by both Customers and walk-in Customers upon a fee paid to UNICS.
WESTERN UNION: Western Union is a multinational company specialized in worldwide electronic money transfer. Their main service is to send and receive money nationwide and internationally. UNICS Plc has partnered with Western Union through ECOBANK to be able to offer this service (worldwide money transfer) to our in-house and walk-in Customers. Customers pay a fee for every sent transaction while received transactions are free of charge.
AFRICASH: Same line Western Union AFRICASH is also a remittance service for the transfer of funds both locally and internationally. AFRICASH is a product of UBA which UNICS is selling. On like Western Union, AFRICASH is limited just to AFRICA and cash could be picked up only at UBA Branches or at their Partners.
AFRICASH transactions could be sent directly into an account domiciled at UBA. Customers pay a fee for every sent transaction while received transactions are free of charge.
EMERGING / ACCESSORY PRODUCTS
These are account to account transfers done from an account domiciles with UNICS to another account domicile with UNICS or another financial institution in Cameroon or abroad.The funds transferred could be destined to the same Customer or to a third party. It could equally be a transfer from one account to many or from many accounts to one. Bank transfers could be permanent over a specific duration and amount (Bank Standing order) or it could be a one-time transaction of a specific amount.
Learn more about our diplomat card
These are electronic transfers of money through specially designed platforms that are interconnected. It can be through the internal software of the institutionor through the platform of an accredited money transfer company. Some characteristics include: rapidity (funds immediately available after transfer), reliability and simplicity for Customers as it can be used by Customers that do not have a bank account. Some of these electronic transfer products are:
SPEEDY CASH: This is an in-house local money transfer platform which is interconnected at all UNICS Branches.This service can be used by both Customers and walk-in Customers upon a fee paid to UNICS.
WESTERN UNION: Western Union is a multinational company specialized in worldwide electronic money transfer. Their main service is to send and receive money nationwide and internationally. UNICS Plc has partnered with Western Union through ECOBANK to be able to offer this service (worldwide money transfer) to our in-house and walk-in Customers. Customers pay a fee for every sent transaction while received transactions are free of charge.
AFRICASH: Same line Western Union AFRICASH is also a remittance service for the transfer of funds both locally and internationally. AFRICASH is a product of UBA which UNICS is selling. On like Western Union, AFRICASH is limited just to AFRICA and cash could be picked up only at UBA Branches or at their Partners.
AFRICASH transactions could be sent directly into an account domiciled at UBA. Customers pay a fee for every sent transaction while received transactions are free of charge.
Learn more about U-CONNECT
This is a platform solution in partnership with BGFI Bank under the commercial name ‘BGFI DESK’ that would permit UNICS to effect two main transactions:
-Compensate cheque from all Commercial Banks in Cameroon and in the CEMAC Region including cheque from some selected Microfinance Institutions in Cameroon.
-Effect transfers to all commercial Banks in Cameroon and some Microfinance Institutions in Cameroon.
Check clearing:
- Clearing of checks from commercial Banks within 48 hours instead of 72 hours.
- Clearing of checks from other Microfinance institutions connected to the platform within 48 hours instead of 72 hours.
Transfers:
- Transfer to all Commercial Banks in the CEMAC Region within 24 hours instead of 72 hours.
- Transfer to all Microfinance Institutions connected to this platform in Cameroon within 24 hours instead of 72 hours.
FLASHPAY is a unique turnkey solution designed for third party electronic bill payment that supports multiple payment and notification options. This product is in partnership with a Cameroonian company- MAVIANCE CAMEROON under the commercial name SMOBILPAY (Simplicity in Bill Payment). This platform offers third party merchants acting as bill collectors for service providers the possibility of collecting the payments through web (in the Branches) or through mobile devices (used by Agents on the field). It offers consumers the possibility of paying their bills at the location of their choice. This product is among five other products currently sold by MAVIANCE CAMEROON Ltd. (Mobile Metering system, Mobile sales system, Mobile Insurance system, Mobile Microfinance system).
MAVIANCE Cameroon Ltd is among the 4 companies presently authorised to effect third part bill payment with ENEO.
Services offered:
Payment of eneo bills (Customer could sign a permanent standing order for his bill to be paid at the end of every month).
Purchase of communication credit (NEXTEL, MTN, CAMTEL, ORNGE and YOOMEE), MTN Mobile money transactions.
These are some examples of important valuables that can be kept by our Customers and non-Customers in UNICS Plc:
Your Will, Valuable Jewellery you rarely wear, Cash (Especially foreign currency), Passport, Deeds and Titles, Birth certificates and marriage certificates.
International trade operations and the sales and purchase of foreign currencies • FOREX International trade operations and the sales and purchase of foreign currencies Our rates are relatively good for PHYSICAL CLIENTS and exceptionally good for MORAL CLIENTS. Certified notes with ZERO risk of counterfeit
UNICS DIPLOMAT Card is accepted at all VISA enabled POS both in Cameroon and abroad. These POS are usually located at Shopping Mall, Gas stations, Hotels, Banks and other commercial Centers. Same withdraw limits as on ATM transactions applies to POS transactions.
The UNICS Mobile Banking App lets you stay on top of your finances giving you easy to use tools to manage your accounts, transactions, and prepaid cards securely and easily anywhere. With "ease of use" as our primary concern. The app contains a redesigned U-connect module and other value added services which provide convenient banking while Conducting your banking transactions on the move anytime, anywhere.
Credit Products
This is an act whereby one party (the lender), acting for profit, puts, or promises to put funds at the disposal of another (the borrower), or takes, in the interest of the latter, a non-treasury commitment such as serving as surety, underwriter, or guarantor. This implies that, in UNICS Plc, credit shall be constituted of 02 categories of operations:
Treasury commitments: Involving actual disbursement of cash as in loans and overdrafts.
Non-treasury commitments: Not involving an initial disbursement of cash, but comprising the use of the name of the Institution as a backer or underwriter of a Customer.
This is an operation by which UNICS Plc grants a Customer access to funds beyond what he/she actually has in his/her checking account. By this facility the Customer is actually authorized to overdraw his/her account into a negative balance (commonly said into “red”). Overdrafts is granted exclusively on checking accounts, i.e. Current and DAYNESS accounts.
See types of Overdraft
We refer here at amortisable loans. On like overdraft facility, a Customer with a amortisable loan is oblige to repay a pre-state amount comprising of the capital, interest and taxes every end of month either through his/her business income or his/her salary/wages. There are different types of amortisable loans in UNICS Plc.
This loan is generally accorded to salary earners or Business persons. Generally the purpose is social/consumption, (to purchase house equipment, weddings, funerals, health & medical bills), or Business. Sometimes the loan also serves for personal investment like real estate, construction, farming and small business start-ups. Duration ranges from 1-12 month for short term, 12-24 months for medium term, and above 24 months for long term loans.
This is a hybrid product designed to meet the pressing demands of salary earners. It is intended to reduce the lengthy procedures involved in ordinary credit. Some conditions for this facility are:
- It takes a maximum duration of 48 hours for funds to be positioned into your account after receiving a completed file at the level of Credit Department.
- Very short durations of 05 months maximum.
- Customer does not necessarily needs an attestation of irrevocable salary transfer. Just with an attestation of service, facility could be granted.
- Loans are at overdraft rates (7%).
These are small loan amounts accorded to individuals or groups who have a low income generating activities to help them boost their activities. Customers must have a DAYNESS account before they can benefit from this facility. The economic activity should be active enough to be able to save daily to repay the credit contracted. Maximum amount financed is FCFA -500,000. Credit type could be a line of credit, amortisable loan or overdraft.
Duration: 1-6 month only. Interest rate applied is 3% per month.
As the name suggests, these are back to school loans intended to assist parents and guardians to send their children or loved ones to school during the resumption of new academic year. These loans usually run from July to May each year and the duration is not more than 11 months. The duration of the loan reduces as we go further after the date it was launched. The amount accorded does not exceed more than 3 times theaverage net salary for the last three months preceding the mounting of the credit file
The people financed here are salary earners. Some small and medium size business promoters are accorded school fee loans as exceptions when their cash flow is reliable and constant.
Duration: 1-11 month only. Interest rate applied is 1.850% per month.
Access condition: All salary earners having salary accounts in UNICS Plc
These are loans accorded to UNICS staff depending on their contract, category, position and longevity of service.
UNICS Plc is financing Agriculture through established partnership agreements with The Rural Microfinance Development Support Project with French acronym PADMIR, and with The Youth Agropastoral Entrepreneurship Program. Financing conditions are stipulated in the partnership agreement between UNICS Plc and these structures.
Any of the above mentioned credit types can be treated as Express loan on condition that the Customer pays an upfront charge of 5% of the amount requested. The maximum duration for fund to be at the disposal of the Customer is 24 hours from the tie the file is received at the level of Credit Department. Apart from this, all other credit conditions remain unchanged.
Insurance
Insurance is an arrangementwhereby a company or thestate undertakes to provide a guarantee of compensation for a specified loss over a defined period for;any damage, old age, illness, or death in return for payment of a specified premium over a defined duration.
In exchange for premiums, it is an insurance that pays out a sum of money on the death of the insured. This insurance is taken to cover the loan capital during the duration of the loan if the insured dies. Our insurance partner here is Beneficial Life Insurance Company. The Insurance stands to cover the unpaid capital after the dead of an insured Customer. To be able to benefit from this, the Customer must have duly signup for the insurance policy and paid the required fee. This insurance is taken to cover both loans and overdrafts above a cut-off amount.
In 2014, The Prime Minister signed a decree N°: 2014/2377/PM of 13 August 2014 fixed the modalities of voluntary insurance on death, incapacity and old age. This decree emanated from the law N°: 84-007 of 4th July 1984 and N°: 90-63 of 19 December 1990.
Voluntary insurance is a social insurance policy that is carried out by voluntary monthly contributions by persons who are not covered by the regular Obligatory Insurance Fund. These persons are those of the Informal sector and Liberal Professionals. Subscribers to this insurance policy benefit at old age, death and in case of incapacity. The objective of this insurance policy is to cover the over 80% of Cameroonians who are under the informal sector and liberal professionals.
The monthly contribution of voluntary insurance by any insured person is 7% of his/her estimated net monthly revenue. This amount would be agreed upon by the insured and the National Social Insurance Fund, represented UNICS Plc. Insured persons under this scheme benefits as those under obligatory Insurance scheme.
UNICSPlc, through her partnership signed with the National Social Insurance Fund on 5th of August 2015 gave UNICS the authorization to collect obligatory insurance premium from individuals, persons of liberal profession and Enterprises. This is insurance paid by a company for her Employees in preparation for their old age benefits.
For the above mentioned purpose, CNSP opened an account in the books of UNIC where the funds will be domicile.
The overdraft insurance policy proposed by NSIA to UNICS would be sold under the business name ‘ZELDA’. This insurance policy covers all types of accounts. The coverage amount is FCFA 250.000 and FCFA 500.000 for a premium of FCFA 3.000 and FCFA 6.000 per annum respectively. All benefit payment would be done through UNICS Plc from the account of NSIA domiciled with UNICS Plc.
This is an in-house insurance scheme that covers the family. This product is not yet vulgarise because we do not yet have an insurance company to partner with for the provision of this services. He conditions will be indicated after partnering with any Insurance Company.
