UBA Liberia Enters Proof of Concept Agreement with LRA for Tax Payments via Mobile Money

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The United Bank for Africa (UBA) has entered into a partnership of “Proof of Concept Agreement with the Liberia Revenue Authority,” Lonestar Cell MTN and Orange Liberia  for use of mobile money to pay taxes to Government of Liberia.

The agreement was signed yesterday .

The purpose of the agreement is to execute a pilot project for collection of taxes and fees on behalf of the Government of Liberia through the use of existing mobile money platforms with the Telecommunication Companies and UBA as the sole collecting bank.

According to the agreement, UBA is to ensure the timely transfer of funds from the Telecom Partner’s account with timely remittance of funds from the Transitory Account to the General Revenue Account at the CBL.

The telecommunications partners are expected to create an application platform, which will be used by the bank to collect the taxes.

UBA’s Managing Director Olalekan Balogun, signing on behalf of the bank, considered the agreement as a step forward for the tax collection system of the Government, as UBA is prepared to fully fulfill its part of the agreement.

Balogun called on taxpayers to explore the system when it goes live and embrace the new form of tax collection.

UBA said the bank is focused on leading the digital banking sector in Liberia by bringing efficiency in the payment system and conveniences to customers.

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  • I am a Liberian journalist, born November 7 and hailed from the Southeast and of the kru tribe. I began contributing to the Daily Observer 2008 and was fully employed in 2012. I am the 3rd of eight children and named after my great grandfather. Am happily married with three children (girls). I am a full member of the Press Union of Liberia (PUL) and also the Sports Writers Association of Liberia (SWAL) and the Legislative Press Pool (LEGISPOL). I can be contacted through email: [email protected] or cell number/WhatsApp: (+231) 0886585875 or Facebook.

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