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...
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...
A partnership between MTN Uganda and CBA recently brought to the Ugandan market the micro savings and loans product, MoKash. A week after the launch, CBA reported that over 80,000 mobile subscribers had signed up for the MoKash loans and savings product on mobile money in the first 48...
Tigo Pesa users have been paid a total of $2.3m/- as profit share paid every quarter by Tanzania’s leading digital lifestyle telecom. This is the eighth time that Tigo is disbursing the quarterly payment to its mobile money users – a practice the company became the first telecom in the world...
Ecobank (Ecobank.com) has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app delivered by any institution for use in 33 countries. Group CEO, Ade Ayeyemi unveiled the new App at a large product launch in Lagos, which...
Every online business seeks to have a reliable way of recieving money and processing payments. The truth is that no one payment processor comes close Paypal’s reach and range of services, but once in a while, you need an alternative, especially if you have been burnt by Paypal. Today, we present...
Kenyan fintech software development company, Craft Silicon has unveiled an inter-bank money transfer system in Uganda. PC Tech Magazine understands that the system will allow customers in Centenary Bank to transfer money to Finance trust bank in the meantime as the company seeks to extend its foot print in Uganda’s...
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...
About Stanbic Bank: Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking and financial services group. The Standard Bank Group is the leading banking group focused on emerging markets. It is the largest...