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TerraPay Launches International Mobile Money Transfers to Uganda

TerraPay, the world’s first mobile payments switch, announced that it has successfully obtained an approval from Bank of Uganda to facilitate International money transfers to mobile wallets in the country. Read More →

Centenary Bank And Mastercard Partner To Boost Financial Inclusion

Centenary Bank and Mastercard have announced at the Annual Bankers' Conference their multipronged approach to digitising Uganda's economy in support of the National Financial Inclusion Strategy. Following the recent signing of Read More →

Going Cashless In Uganda With The UBA Debit Mastercard

United Bank for Africa (UBA) announced the rollout of the Debit Mastercard card in Uganda to financially support its citizens. Focused on displacing cash, the electronic payment solution will deliver Read More →

Guaranty Trust Bank Launches the GTBank Mastercard

With focus on building a stronger financial payment sector and ensuring all citizens are financially included, Guaranty Trust Bank (Uganda) Ltd (GTBank) officially launched the GTBank Debit Mastercard in Uganda Read More →

Strengthening Uganda’s Financial Services Sector

In support of Uganda’s National Vision 2040, Mastercard has signed a strategic partnership agreement with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen the local financial Read More →

FinTech Impact for Africa: Re-Imagining Financial Services

FinTech players are increasingly becoming an important part of the fabric of Africa’s financial services industry. In addition, the leading banks on the continent are now harnessing innovative technology to Read More →

Mastercard Collaborates To Provide Acceptance In Uganda

Mastercard announced a partnership with Orient Bank to expand the acceptance of Mastercard payment cards at ATMs and point-of-sale (POS) terminals across Uganda. The collaborative effort will see the acceptance Read More →

Has Africa Been Left Behind by Formal Financial Services?

Has Africa been left behind by formal retail financial services? This is the question posed by the African Financial Retail Readiness Index (AFRRI). The first annual AFRRI report looks at Read More →

Cignifi and the IFC to Grow Usage of Mobile Money in Uganda

Cignifi, whose proven big data engine uses mobile phone data to deliver consumer credit and marketing scores, announced an agreement with the International Finance Corporation (“IFC”), a member of the Read More →

Stanbic Bank Uganda Limited Signs US$85 Million Term Loan Facility

Stanbic Bank Uganda Limited (Stanbic Uganda) has signed a US$85 million, eighteen month term loan facility in Dubai on 28 January 2015. The transaction, which is a debut Stanbic Uganda Read More →
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