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 …
Read More »Push to digitise how Africans pay and move cash sends fintechs into merger frenzy
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 …
Read More »EAC moves closer to integrated digital payments system
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 …
Read More »EAC set to enhance regional digital payments with new masterplan
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 …
Read More »Absa unveils mobile payement solution for SMEs
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 …
Read More »Postbank partners MTN Uganda to digitize PDM payments
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, …
Read More »Pesapal now accepts Airtel Money Payments in Uganda
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 …
Read More »Cellulant wins Award for Excellence in Embedded Fintech
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 …
Read More »Why NSSF mid-term payments could delay for some
Kampala, Uganda | THE INDEPENDENT | Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments. Unlike the online applications, …
Read More »Bitature joins Mulago Hospital board
Mulago to continue charging for specialized services Kampala, Uganda | THE INDEPENDENT | Patients seeking specialized care from Mulago National Specialized hospital will continue paying out of their pockets for drugs and sundries that are not quoted as essential medicines. Mulago Hospital Executive Director Dr Byarugaba Baterana told journalists on Friday …
Read More »