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Tag Archives: Mobile Money

Bankers reveal where they will put money after COVID-19

Kampala, Uganda |  THE INDEPENDENT |   The banking sector is advising investors and other private sector borrowers to re-think their investments and investment plans because the attractiveness of investments to credit has been highly affected by the COVID-19 pandemic.       The pandemic scared lending institutions away from the private …

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Uganda’s mobile money transactions hits Shs 80trillion

  Kampala, Uganda | Isaac Khisa | Uganda’s mobile money transactions grew by 19.3% to Shs 79.8 trillion for the year ending June.30, according to Michael Atingi-Ego, deputy governor, Bank of Uganda. Atingi, who was speaking during the Uganda Bankers Association retreat at the Kampala Sheraton Hotel on Sept.22, said out …

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Mobile money transactions hit UGX 7.2 trillion

Kampala, Uganda | THE INDEPENDENT | Mobile money transactions hit the Shillings 7.2 trillion in March 2020 from Shillings 3.4 trillion in 2016. The Finance Minister Matia Kasaija disclosed this while presenting the 2020/2021 financial year budget estimates to parliament. He explained that the Information, Communication and Technology (ICT) sector …

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SAGE beneficiaries ask gov’t to revert to mobile money services

Katakwi, Uganda | THE INDEPENDENT | Beneficiaries of the Social Assistance Grants for Empowerment-SAGE in Katakwi district want the government to reconsider paying them through mobile money platforms. Through the Social Assistance Grants for Empowerment, the government pays senior citizens above 65-years of age a monthly stipend of 25,000 Shillings. …

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Bill to regulate mobile money transactions gets committee nod

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and …

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Lira Catholic Diocese to collect offertory through mobile money

Kampala, Uganda | THE INDEPENDENT | Lira Catholic Diocese has resolved to collect offertory from Christians through mobile money. The move follows the Presidential directive banning church services alongside other public gatherings which attracts a large crowd. Rt. Rev. Sanctus Lino Wanok, the Ordinary Bishop of the Diocese advised the Christians …

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