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...
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...
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...
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...
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...
Mastercard and FSD (Financial Sector Deepening) Uganda have entered into a memorandum of understanding with a goal of partnering to develop financial services and solutions that will improve livelihoods of Ugandans and strengthen the country’s economy. The partnership, announced during Financial Inclusion Week, will allow Mastercard, including the Mastercard Labs...
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...
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...
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...
Online shopping firm; Jumia Uganda has today partnered with Barclays to introduce the card-on-delivery payment option for customers in Kampala. In an effort to heighten the convenience of shopping online and to increase card usage amongst Ugandans, Jumia customers within Kampala can now order items and pay using their...