Banking & Payments

Last year, MTN Uganda launched an international mobile money transfer service which had one crippling flaw; it only supported inbound money transfers from Kenya and Rwanda. MTN mobile money subscribers in Uganda could not reciprocate in kind. Well now they can! MTN Uganda has just announced... Read More

They promised us an end to the much dreaded long-queues in the banking halls with internet banking, but sorry to disappoint, the long queues aren't over yet. Almost every bank in Uganda is offering some sort of either mobile or internet banking. The objective is... Read More

The news that MTN South Africa had shut down Mobile Money services in Mzanzi shouldn't have come as a surprise. Not for those who understood a thing or two about the Rainbow Nation. On the contrary, the real surprise should have been how the MTN... Read More

In a bid to reduce the use of paper in the Bank, Barclays Uganda has introduced what they are calling paperless banking. Under the new service you do not need to fill out forms when depositing cash or a cheque. All you have to do... Read More

Remittance provider WorldRemit has called Central Bank of Nigeria (CBN)'s new rules draconian following the shutting down of all but three money transfer operators (MTO) unable to meet the new guidelines. Only three traditional remittance operators Western Union, MoneyGram and Ria are still in business,... Read More

Standard Chartered Bank (StanChart) will later this year introduce a video banking service in Africa, starting with Kenya alongside banking consultations via web chat and audio links on their website. This service is already in effect Malaysia and Singapore with plans to launch in Bangladesh,... Read More

After multiple years of numerous complaints, PayWay finally listened to its customers when it added Water bill payment to its platform. Customers can now pay water bills at any PayWay terminal or Kiosk. They made the announcement on Facebook to the excitement of many. Payway... Read More

Mobile money is the most convenient way of sending money in Uganda to friends and loved ones right now. But with convenience also came security and transnational  loopholes that agents and fraudsters exploit to defraud unsuspecting users. Sending money to anyone with or without a... Read More

Online transactions have grown exponentially in the recent past. However, in Uganda, just like many other emerging markets, it hasn't been all roses. If you have tried using PayPal in Uganda, you must have encountered one hell of a frustrating experience. The basic reason being that... Read More