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DFCU introduces mobile banking

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DFCU Managing Director Juma Kisaame(R) with UMEME General Manager Sam Zimbe DFCU, a local bank in Uganda has launched mobile banking, a move that will revolutionise banking payment systems by utilising mobile phone technology.

“Customers will access their bank accounts using their mobile phones anytime, anywhere,” said Juma Kisaame, the bank’s managing director in a statement released on August 8.

The development comes at a time when information communication technologies are developing in the East Africa’s third biggest economy with about 17 million people having access to mobile phones.

The bank said under the new development the customers will make account inquiries, transfer of funds, pay bills including school fees, water and electricity and buy pre-paid airtime for any mobile network.

Uganda has 25 commercial banks of which, a good number of them already launched the mobile banking services.

DFCU was established in 1964 as a development finance institution. In 2000, the company bought Gold Trust Bank and started commercial banking and renamed it DFCU Bank. The bank’s officials say the institution is a fast growing commercial bank offering a variety of innovative products and services.

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Does this applicaton support internet banking? If it operates on only local mobile Network operators , Then they still need to upgrade to Internet Banking as the application will serve only local ugandans ,Otherwise thanks for the application.
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does mobile banking facilitates only on line phones
written by Luwaga Geoffrey, July 31, 2014
Hello,, i recently heard the News about the closure of Global Trust Bank and that all the A/cs are now managed by DFCU,,i have been using Global Bank to deposit my money,make transfers, may i know how i can access Transfer form while abroad??, thank you in advance,

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