Leader in global payments, Western Union Corp. announced all Western Union consumer and business solutions services are active in the United Kingdom (UK), irrespective of EU Membership Referendum vote, or currency volatility. Western Union services are available to consumers across more than 7,200 retail Agent locations in the UK, through the...
About a month ago, I became regular contributor to PC Tech Magazine – meaning that I would frequently write features for the magazine in return for a certain remuneration. Taking into account that PC Tech Magazine operates in Uganda and I currently reside in Germany, we were presented with two...
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...
The mobile money industry continues to grow globally, with more than 270 live mobile money services in 93 countries. In Uganda, the amount of money transacted through mobile money by December 2015 was UGx. 32.5 trillion according to the Bank of Uganda. This growth however is not the same for mobile money use...
Most people think of a cashless society is something that is way off in the distant future.  Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. In America today  only 7% of all...
Mobile Money has been around for quite sometime now - enabling individuals to transfer money and pay bills all over Uganda. Mobile money transfer has morphed quickly into mobile payments and mobile banking products. The latest addition to the Mobile Money use case being the ability to save in small amounts...
2016 perhaps saw the biggest jump in Mobile Money use cases ever since the service started gaining popularity in the region. Mobile Money became a backbone for other innovative financial products like insurance cover, interest-bearing savings accounts for non-banked customers, instant personal and small-business micro-loans. MTN Uganda pioneered the mobile micro loans...