As Uganda accelerates its cashless ambitions, there is debate about whether it can truly leave cash behind Kampala, Uganda | IAN KATUSIIME | Uganda’s financial ecosystem has made a tremendous shift towards mobile money transactions — led by platforms like MTN Uganda and Airtel Uganda — which now move trillions …
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The 2023 World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent Nairobi, Uganda | THE INDEPENDENT | Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border …
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Absa Bank Launches sh200 Million Card Rewards Campaign to Boost Digital Payments Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has launched a new customer campaign, Play Your Cards Right, which will reward 14 lucky winners with cash prizes totaling sh200 million. Customers simply need to use their Absa cards …
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Africa’s fintech sector is seeing a surge in deal-making as firms race to dominate the continent’s booming cash transfer and digital payments market, projected to hit US$1.5 trillion by 2030 SPECIAL REPORT | BIRD AGENCY | Fierce competition in Africa’s digital and cross-border payment sector is fuelling a wave of …
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KAMPALA, UGANDA | THE INDEPENDENT | The Central Bank governors from the East African Community (EAC) have approved the regional cross border payments system master plan. The EAC Cross-Border Payment System Masterplan, sets out strategic initiatives for payment systems modernisation and integration in the region. The adoption of the Master …
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Entebbe, Uganda | THE INDEPENDENT | The East African Community (EAC) is moving forward with an ambitious plan to accelerate regional digital integration through the development of the EAC Payment Systems Masterplan. The Masterplan aims to harmonize legal, regulatory, and oversight frameworks, creating a conducive environment for cross-border payments across the …
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Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their smartphones as Point-of-Sale machines. The functionality was unveiled during a launch event held at the National Theatre and will enable small businesses to accept card-based …
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Kampala, Uganda | THE INDEPENDENT | PostBank Uganda in partnership with MTN Uganda has launched “Wendi,” a mobile wallet platform designed to support the government in the seamless disbursement of Parish Development Model funds. The platform powered by PostBank strategically pivots on the group savings and funds management, digital money savings, …
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Kampala, Uganda | THE INDEPENDENT | Airtel Money and Pesapal Uganda signed a deal to enable acceptance of Airtel Money payments at the Pesapal Sabi point-of-sale machines. Since its inception in 2009, Pesapal continues to innovate digital payment solutions to accommodate the changing times and the demands of its customers as …
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Cellulant processes $300,000 worth of payments daily in Uganda and facilitates $1b in transaction volume every month across different payment channels in Africa. Kampala, Uganda | THE INDEPENDENT | Cellulant, Africa’s leading payments company, won the Award for Excellence in Embedded Fintech at the 7th edition of the Africa Fintech …
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The Independent Uganda: You get the Truth we Pay the Price
