Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has partnered with Airtel Money to foster financial inclusion by eliminating charges on all transfers made from the PostApp and PostMobile to Airtel Money wallets. This initiative seeks to reduce the financial burden on PostBank customers while enhancing their access to a wide …
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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 | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …
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Remittance inflows to Uganda stood at US$1.08 billion in 2021 Kampala, Uganda | RONALD MUSOKE | Uganda’s rural population will now be able to access key financial services through a new mobile application known as PostalPay. The app developed by cross border payment companies –Inpay and Eurogiro – in …
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Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual is partnering with PostBank to organize a financial wellness class hosted on Twitter Spaces, Facebook as well as Zoom and YouTube. The webinar themed “Learn, Grow, Protect Your Finances,” will be moderated by TV personality, Mildred Tuhaise and is set to …
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PostBank Uganda has officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. Kampala, Uganda | THE INDEPENDENT | The bank, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial institution that …
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Supported by earnings on deposits, loans, fees and commission Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda has reported an increase in profit after tax from Shs8.3bn in 2019 to Shs10bn in 2020 amidst the COVID-19 pandemic crisis. According to its financial results released on May 03, …
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Kampala, Uganda | THE INDEPENDENT | Life has not been the same for renowned Ugandan actor and comedian Richard Tuwangye aka Amoosi since the nationwide lockdown was announced in March 2020. The arts and creative sector from which Tuwangye makes a living was among the hardest hit. With social distancing …
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But the lender faces an uphill task of looping its customers onto it Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda, is embarking on a digital transformation journey aimed at decongesting customers in the banking halls, cutting down operational costs and driving profits upwards. This follows the …
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Kampala, Uganda | JULIUS BUSINGE | In a bid to give some relief to its clients, PostBank has announced that it will reschedule loan repayments for customers whose lives and businesses have been impacted by COVID-19 pandemic, it announced a few days ago. This move comes as Bank of Uganda (BoU) continues …
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