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Tag Archives: Mobile Money

UMRA, Wendi by PostBank collaborate to digitize SACCOs to drive financial inclusion to the Last Mile

Kampala, Uganda | THE INDEPENDENT | The Uganda Microfinance Regulatory Authority (UMRA) and PostBank Uganda on 21st October 2024 signed a Memorandum of Understanding (MoU) to initiate a collaboration aimed at digitizing the operations of tier IV Microfinance Institutions through PostBank’s Wendi mobile wallet, so that the last mile beneficiary can …

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Why mobile payment is booming in Africa

NAIROBI, KENYA | Xinhua | On the bustling streets of Nairobi, the green glow of the M-Pesa (a mobile money platform) logo is inescapable, from high-end hotels to street vendors. In some tourist hotspots, signs declaring “No Cash” highlight a striking shift: over 90 percent of adults in the East …

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EFRIS: URA appeals to early adopters to popularize it

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has appealed to traders who are already registered on Electronic Fiscal Receipting and Invoicing Solutions (EFRIS) to popularize it. It emerges that those opposed to this solution think that it is a form of tax. Electronic Fiscal Receipting and Invoicing …

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Mukono mobile money hacker arrested

Mukono, Uganda | THE INDEPENDENT | The Directorate of Crime Intelligence (DCI), and Mukono Central Police Station, have arrested Sabiiti Kaporonyo, a 48-year-old hacker. Kaporonyo was reported by several mobile money dealers and civilians for unauthorized withdrawals from their SIM cards for more than a month. Crime Intelligence and Mukono …

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New law gives BOU power to punish mobile money companies

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has warned of strong penalties in new regulatory measures, against telecommunications and financial service companies that violate competition and pricing rules. In the draft Fair Competition law, the industry regulator says unfair competition practices are stifling the growth of the digital …

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