Nakaseke, Uganda | THE INDEPENDENT | Police in Nakaseke has arrested two men after they attempted to rob a mobile money shop. The suspects have been identified as Stuart Taremwa and the other only identified as Duncan. They attacked Viola Nakigudde in her shop on Thursday at Butikwa cell in Kiwoko …
Read More »PostBank to disburse government COVID-19 relief funds
PostBank Uganda has been appointed to disburse the government COVID-19 relief funds to the select Ugandans heavily impacted by the pandemic Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has been appointed to disburse the government COVID-19 relief funds to the select Ugandans impacted by the pandemic and the ongoing lockdown, …
Read More »Arua mobile money conman arrested
Arua, Uganda | THE INDEPENDENT | Police are holding a man who has been targeting mobile money operators in Arua city. Police picked up Alex Leku, a businessman from Ariwara town in DR Congo over the weekend after registering a complaint from one of his victims. It is alleged that Leku …
Read More »Mobile money cash for COVID-19 poor
Why Nabbanja is right and others wrong Kampala, Uganda | THE INDEPENDENT | The government is attempting a new way of getting a Shs100, 000 (Approx.US$28) one-off cash relief to people who might have slipped into poverty as a result of the ongoing 42-day lockdown to slow the spread of COVID-19. …
Read More »BOU: Mobile money transfer will add value to money
Kampala, Uganda | THE INDEPENDENT | Mobile Money services have now been completely detached from the regulation of the Uganda Communications Commission to that of the Bank of Uganda (BOU), amidst questions and fears from the customers. Last month, the Bank of Uganda started implementing the National Payments System Act …
Read More »Civil society calls for transparency in emergency cash for Covid-19 relief
Kampala, Uganda | THE INDEPENDENT | The government’s plan to distribute Covid-19 relief aid to Uganda has drawn criticism from different organizations. The government said it would use mobile money to get money to the vulnerable people who are affected by the lockdown to contain the second Covid-19 wave. Unlike last …
Read More »Airtel Completes Airtel Money Business Transfer
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has announced the separation of Airtel Money from its Telecom Business. Technically, the Airtel Money Business has been transferred to Airtel’s affiliate, Airtel Mobile Commerce Uganda Limited (“AMC Uganda”). The business separation complies with a new law – the National Payment …
Read More »What does separation of mobile money from telecoms mean?
Kampala, Uganda | THE INDEPENDENT | Starting June 1st, Ugandans will have mobile money transactions run by companies separate from the traditional telecoms that have been operating the business. This follows the licensing of three companies to operate mobile money services in Uganda including MTN Mobile Money Uganda Ltd and Airtel Mobile …
Read More »CID arrest boda boda rider implicated in the murder of a mobile money agent
Entebbe, Uganda | THE INDEPENDENT | A boda boda has been arrested on allegations of ferrying gun wielding men who last month killed a mobile money operator in Entebbe town. Armed men trailed Nambi Bogiya from her workplace up to her rented house, shot her dead and vanished with the money …
Read More »Investment firm to sink US$200m in Airtel Mobile Commerce BV
Kampala, Uganda | Julius Businge | Airtel Africa, a telecommunications and mobile money services provider has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest US$200million in Airtel Mobile Commerce BV (“AMC BV”), it said on …
Read More »