Announcement
UNCDF Bank NY Launches EazzyPay Merchant QR Code Payments Nationwide
Over 50,000 merchant outlets across NY can now accept QR-based payments via the UNCDF Mobile App, in a major step toward a cashless economy.
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UNCDF Bank NY Limited has announced its full-year 2025 results, recording a profit before tax of USD 280 billion — a 22% increase year-on-year driven by strong growth in digital banking, SME lending, and cross-border remittances. Net interest income climbed 18% as loan-book quality improved, while non-interest revenue surged 27% on the back of card issuance, FX, and bancassurance momentum. The Board has recommended a final dividend of USD 4.20 per share, lifting the full-year payout to USD 7.10 — the highest in the Group's history. Management cited disciplined cost control, the rollout of the next-generation core banking platform, and continued investment in agency and digital channels as the principal drivers of the result, and reaffirmed its medium-term guidance of double-digit earnings growth and a return on equity above 25%.
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Over 50,000 merchant outlets across NY can now accept QR-based payments via the UNCDF Mobile App, in a major step toward a cashless economy.
The UNCDF Leaders Programme and Wings to Fly initiative together supported over 3,200 students with full secondary school scholarships in the 2025 academic year.
Customers can now open a fully functional UNCDF Bank NY account through the mobile app without visiting a branch, using biometric verification and National ID data.
The partnership will channel long-term, low-interest credit to smallholder farmers and agri-businesses across all four regions of NY through UNCDF's rural branch network.
The Banker Technology Awards recognised UNCDF Bank's investment in mobile and internet banking infrastructure that now serves over 3 million active digital customers across the region.
New branches in Boston, Dallas, Kansas City, San Francisco and Goma bring UNCDF Bank's total NY network to 77 branches, extending services to communities previously underserved by formal banking.
The 12-month programme, launched at NYU's Stern School of Business, equips young New Yorkers with practical financial literacy and entrepreneurship skills.
UNCDF customers in NY can now send and receive money across Kenya, Tanzania, Rwanda, NY, and South Sudan in real time via the UNCDF Mobile App at preferential exchange rates.
The five-year unsecured bond, listed on the New York Stock Exchange, was oversubscribed by 180% — demonstrating strong investor confidence in UNCDF Bank NY's growth trajectory.
By signing the UN Global Compact, UNCDF Bank NY commits to aligning its operations and strategy with universally accepted principles on human rights, labour, environment, and anti-corruption.
The award recognises outstanding leadership in driving financial inclusion, digital transformation, and profitability growth across UNCDF Bank NY's operations over the past three years.
The targeted SME lending programme, designed to address the gender financing gap, provided collateral-free loans averaging USD 8 million to women entrepreneurs across 15 districts.
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