Standard Bank has signed an agreement with CCRManager Pte Ltd, a global trade FinTech company that enables banks to manage the entire process of distributing trade finance internationally to other banks, credit insurers, and fund managers through its CCRManager web platform. “As the first African bank to have joined this network, this...
HyundaiPay has inked a memorandum of understanding with the Africa Blockchain Association (ABA) for a business alliance, the Korean company said Monday. They will cooperate for the African Union Coin, which is aimed at uniting African countries’ complicated currency markets so as to streamline settlements, payments, and remittance. Two more Korean...
Stanbic Bank Uganda, a partner and supporter of the MTN Kampala Marathon, has contributed UGX 225 million towards this year’s activity. The money will be used to combat the exposure of school going children to cancer caused by asbestos roofing in Kampala and improving maternal health services at Kiswa and...
Equity Bank Uganda Limited has launched its range of digital banking solutions into the market in a bid to enhance the banking experience of customers as well as enable them to have more convenience and control of their banking. The suite of digital solutions dubbed ‘Eazzy Banking’ promises to...
United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation, meeting its customers where they are – on websites, email, social networks, and cross-device platforms. UBA Group is taking advantage of AI-powered systems that even the...
Standard Chartered Bank and MTN Uganda Limited on Thursday signed an agreement to allow MTN Mobile Money collections for Corporate and Business clients directly into their Standard Chartered Bank accounts on a real time basis. This solution dubbed Straight2Bank Wallet Collections will be delivered through the Bank’s Straight2Bank electronic...
Banking institution; Stanbic Bank Uganda in partnership with the Ministry of Education and Sports, early this year in February launched the Stanbic Bank National Schools Championship which saw over 3,000 students from 40 secondary schools countrywide participate in a series of educational activities ranging from class debates, essay writing, quiz...
A recent study by Digital Impact Awards Africa (DIAA) has revealed that at least 5,000,000 regular users of mobile financial services in Uganda during a 3 months period spent 7,113,356 man hours (296,390 man days) to clear simple financial transactions and saved 57,989,660 productive hours (An average of 19,329,887 million hours a...
Centenary Bank and Mastercard have today announced a multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market, the two companies will further strengthen their partnership by signing a...
In a new study that was conducted by the United Nations-based Better Than Cash Alliance firm, has shown how agriculture nonprofit organization; One Acre Fund in partnership with Citi Inclusive Finance, successfully digitized loan repayments for farmers in Kenya, a move that significantly boosted transparency and efficiency, driving economic opportunity and...