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 transaction was launched in an amount of USD 75 million and an over subscription of USD 15 million was obtained, thus allowing a final take
Stanbic Bank Uganda Limited Board of Directors announced Patrick Mweheire as the bank’s new Chief Executive & Managing Director. Mweheire previously held the position of Executive Director and Head of the Bank’s Corporate and Investment Banking (CIB) Division. “During this time of innovation and transformation, the Board is confident that Patrick Mweheire is the best
Ericsson announced that MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings for seven million MTN Uganda mobile wallet users and 50,000 agents. MTN Uganda is part of MTN Group, a multinational telecommunications group, connecting approximately 219 million people in 22
MTN has announced it will be integrating its mobile money systems in Rwanda and Uganda as part of cross-border mobile money initiative. The integration will become effective from next month. When it is officially launched, MTN said its subscribers will be able to send and receive money between the two countries. Norman Munyampundu, General Manager
MTN Uganda the leading Mobile Money network has partnered with Centenary Bank Uganda to advance their ATM Cash out footprint by allowing customers to cash out at all Centenary bank ATMs across the country. “At MTN we listen to our customers’ needs and wants and with this background we continuously strive to exploit opportunities that
East Africa will soon have a common mobile money platform that will enable users to send money from one country to another without any difficulty under exchange rates approved by central banks. This is according to Godfrey Kyama, e-banking advisor to the Commonwealth, in his presentation at the ongoing Tech4Africa conference in Nairobi. Kyama said
Ugandan startup Beyonic has developed a cloud-based platform allowing businesses to make, track and manage payments to mobile money accounts across numerous providers. Beyonic was named a finalist in the finance category for this year’s edition of the PIVOT East conference to be held in Nairobi on June 24 and 25, and will benefit from
WorldRemit has expanded its service in Uganda to enable customers to transfer money to mobile wallets. The global online money company, which recently secured a $40 million investment from Accel Partners, will provide this new service to increase the pay-out options available to customers sending money to Uganda. Up until now, customers have been able
Uganda’s Bank of Africa (BOA) has launched a mobile banking platform geared towards earning the bank a larger market share amongst those using mobile money as a way of doing business. Known as Mobile Wallet, the platform will make it easier for BOA account holders as well as those without accounts to send and receive
The 3rd Annual East Africa Banking and ICT Security Summit – themed ‘Strengthening Banking and ICT Development in East Africa’ – will be held on April 25 in Kampala, Uganda. The one-day conference will centre on key security issues on core banking systems, software, mobile banking, cards and payments, fraud and risk management solutions. It
