Banking & Payments

News has been making rounds on the web about the closure of Barclays Bank Africa operations. The news left many in Uganda wondering what would happen to their monies. In the past, a Ugandan Bank called Greenland closed under weird circumstances in which customers lost... Read More

Money transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. Pioneering a mobile-first approach to remittances, WorldRemit will use the funds to support its rapidly growing transfer volumes. The WorldRemit app lets people send money straight... Read More

WorldRemit and MTN Group today announced that WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world... Read More

L-Pesa, a mobile financial services company is set to revolutionize the micro-finance industry. With a presence in 13 countries around the world including Fiji and India and soon coming to Uganda, L-Pesa offers hustle and collateral free micro loans from as low as $5  to as... Read More

Traditional banks aren't about to lose their long-cherished business to tech-savvy insurgents. The glory days might be behind them, but mainstream banks are fighting back against mobile telecoms and independent mobile money service providers who are using latest mobile technology coupled with convenience to offer... Read More

There are lots of things you could pay for using your mobile phone. That's especially true if you have a mobile money account or you've an account with any of these traditional banks that have mobile banking options. But if you want to pay for... Read More

Standard Chartered Bank Uganda recently launched their new Chip and Pin Debit card as the new standard card all their clients will use going forward. The move is due to the enhanced security features that the new Chip and Pin technology offers. Chip and Pin... Read More

Kenya’s leading Online Payment Gateway, JamboPay is set to launch in Uganda among other 7 African countries according to an Interview with the company's founder Danson Muchemi on Forbes. The payment processor akin to Paypal is currently present in Kenya which is its biggest market, Tanzania and... Read More

Online shopping website, Kaymu Uganda is set to compete in the electronic ticketing industry in Uganda. The platform that connects buyers and sellers to transact online is now allowing events companies to sell tickets as well on its platform. The company is teasing the feature... Read More