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...
Visa Inc., a global payment company, today announced its intention to open an office in Côte d'Ivoire to reinforce its position as a leading payments technology company and to  help bringing the benefits of electronic payments to the economy and a broader range of consumers and merchants across the...
For the sixth consecutive year Stanbic Bank Uganda has won the best 'Primary Dealer Award' beating off stiff competition from six other commercial banks. The accolade is given on an annual basis to the financial institution that has excelled in executing its primary dealer mandate and is the culmination of...
A new report is indicating how virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions. According to the report, the cost for receiving $200 remittance transfers in emerging economies averages about 10 percent, and it...
Making all of your purchases with a debit card is a good way to avoid spending more money than you have and racking up debt. But it's not always the smartest way to pay. In fact, using a debit card at some places or in some instances can be...
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...
Global bitcoin remittance firm Bitwala, earlier last week introduced Bitcoin to M-Pesa transfers in Kenya, Nigeria, Tanzania and Uganda for free of charge in a move the firm says will make money transfers to any part of the world should be simple and convenient. "At Bitwala, we believe that BTC money...
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...
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...
Stanbic Bank shareholders approved a 60 billion shilling payout as dividends at their Annual General Meeting held on Wednesday, 10th May 2017 in Kampala. It represents a 50% increment from the 40 billion UGX paid in 2015 and is equivalent to 1.17 billion UGX dividend per share up from 0.78...