Central Bank Warns Against Digital Currency Use as One Coin Launches in Uganda

The Bank of Uganda has cautioned the general public against doing business with the new digital currency which he says is not regulated. Dubbed One Coin, the crypto currency located on the...
MoneyGram and GT Bank Launch MoneyGram Receive Service.

MoneyGram and GT Bank Launch MoneyGram Receive Service into Nigeria’s $21 Billion Annual Remittance...

MoneyGram and GT Bank, on Thursday announced the launch of MoneyGram’s receive services across the GT Bank network. This service will be available through MoneyGram’s cash to account service. MoneyGram CEO Alex Holmes...

Kenyan Banks Partner to Launch Mobile, Electronic Money Platform to Rival M-Pesa

Kenyan banks have joined hands to launch a mobile and electronic money transaction service, PesaLink to rival M-Pesa in the mobile money transaction business. The development comes nearly 10 years after the...

Ecobank launches Ecobank Mobile App to transform Banking in Africa

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...

Ecobank launches fintech challenge for start-ups

Pan-African banking conglomerate, Ecobank, has launched a fintech challenge for start-ups. The challenge is open to Africa’s entrepreneurs, innovators and developers, providing then with an opportunity to win $500,000 in funding as...

6 differences between MoKash and traditional bank loans

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...
A client using the MTN Mobile Money platform. Image Credit: NewTimes

Touch Login Launched in Kenyan Standard Chartered Bank

Kenya’s Standard Chartered Bank on Monday launched a new feature for Apple iOS device with Touch ID sensors and Samsung Android devices, dubbed 'Touch Login' that allows customers to use fingerprint to...
The Governor Bank of Uganda Mr. Emmanuel Mutebile (Right) presents The best Primary Dealer Award 2016 to The Chairman of Stanbic Bank Uganda Mr. Japheth Kato (Center) and Stanbic’s Head of Global Markets Ms. Anne Juuko. Stanbic Bank won the award for the sixth year in a row and a record ninth time overall. (Photo Credit: Stanbic Bank Uganda)

Stanbic Bank for the Sixth Year in a Row Wins the 2016 Primary Dealer...

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...
Stanbic Bank board members at the Annual General Meeting in Kampala on Wednesday 10th May, 2017.

Stanbic Bank to Payout 60 Billion UGX Shillings in Dividends to Shareholders

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...
SMEs in Africa. Image Credit: World Bank

World Bank Partnered With GSMA To Bring Financial Services To Over 1 Billion People

The World Bank Group on Tuesday partnered with GSMA to help achieve Universal Financial Access (UFA) by the year 2020. The GSMA brings to the coalition a deep knowledge of mobile financial services,...
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See Also

NSSF Launches Transaction Alerts to Members

Uganda’s top Pension body, the National Social Security Fund (NSSF) has rolled out a transaction alert service for her members. The development was revealed by...

INNOVATION

3 Ugandan Teams Make it to the Finals of the Bots...

For many years now, Menlo Park-based social networking firm, Facebook Inc. has been promoting innovation across Middle East and Africa, providing startups with the...