MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory
Residents of Kenya, Rwanda, Uganda, Burundi and Tanzania will now be able to travel with their respective national currencies in other East African Community (EAC) countries and make digital cross-border cash transactions in real time. The new development comes through the just launched East African Community project on Payment and Settlement Systems Integration Programme (PSSIP)
Bank of Africa subsidiaries in Kenya, Uganda and Tanzania will from now on use a new credit management system in a bid to curb losses that arise from defaulted loans. Known as CreditQuest, the software is from Swiss-based banking and IT consulting firm SOFGEN and will enable the bank to have a centralised view of
Centenary Bank has joined the Interswitch East Africa network in Uganda adding yet another innovation in enhancing their customer service. Interswitch East Africa operates a network that links different banks to enable their customers share Automated Teller Machines (ATMs) and Points of Sale (POS) services. With the addition of Centenary Bank, the Interswitch network in
Centenary Bank and UMEME Limited today announced a partnership which will enable subscribers to the bank’s CenteMobile banking platform prepay their power bills instantly using their mobile phones and without any charges levied. Speaking about the partnership, Fabian Kasi, the Centenary Bank Managing Director commended UMEME Limited for complementing the Bank’s strategy of using technology
After its official launch in Kampala in January 2014, The Helix Institute of Digital Finance has this week published its ‘Agent Network Accelerator Survey – Uganda Country Report’. The Uganda report is the first of eight country reports on agent networks, as part of the cutting-edge Agent Network Accelerator (ANA) research project/ ANA, a collaboration
Guaranty Trust Bank plc (GTBank) has now concluded the acquisition of a 70% stake in Fina Bank Group, after securing the required regulatory approvals in the 3 East African countries – Kenya, Rwanda, Uganda as well as in Nigeria. GTBank acquired a 70% stake in Fina Bank Group through a combination of capital injection as
The Helix Institute of Digital Finance has launched its first country assessment report in Uganda, based on over 2,000 mobile money agent surveys carried out in 2013 all over the country. Uganda is among four African countries participating in the world-class research project, selected for its contribution to the development of digital financial services globally.
Equity Bank and American Express have announced a partnership agreement, through which Equity Bank will act as the exclusive issuer of American Express Card products in Kenya, Tanzania and Uganda. As part of this agreement, Equity Bank will also acquire merchants on to the American Express network in these countries. Equity Bank will begin issuing
MTN Uganda, has partnered with Interswitch Uganda to further increase their ATM Cash out footprint by allowing customers to cash out at all Interswitch’s ATMs across the country. Interswitch Uganda, is one of East Africa’s leading integrated payments companies. MTN Mobile Money customers can now generate a four digit TIN by dialling *165# from their
