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UBA to unveil mobile, agent banking this month

Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, plans to roll out its mobile banking platform mid this month and later agent banking to facilitate customer convenience and also tap into the unbanked population.

UBA Uganda CEO Johnson Agoreyo said the lender is in the final stage of preparations and testing of the system.

“We are currently testing the platform and should be up running in the mid of this month,” he told journalists at the Kampala Serena Hotel on August 02.

“We have also made progress with the agent banking and you should be able to see something at the end of this month.”

Launching the two services will put the Nigerian-owned lender into the par with other banks such as Stanbic, Centenary and Equity that have already done so.

UBA, which entered Uganda’s banking industry in 2008, made its first profit in 2016. The bank recorded a modest net profit of Shs 2.6bn in 2016 from a net loss of Shs 4.3bn in 2015.

The Bank’s CEO for East and Southern Africa, Emeke Lweriebor, said: “As a group, we are committed to Uganda and shall harness a combination of human resources, our experience and capacity to make a positive contribution to its economy.”

This comes two months since the bank unveiled a chart banking assistant – Leo to assist customers with various banking transactions such as account to opening, funds transfers and airtime purchase.

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