June 7, 2025
Headlines

July 2023

Competing Effectively with Fintechs: How Banks Can Adapt and Thrive in the Digital Era

BankView Staff06 mins

The rise of financial technology (fintech) companies has disrupted the traditional banking landscape, challenging traditional banks to adapt and innovate to remain competitive. Fintechs offer customer-centric, technology-driven solutions that cater to the evolving needs and preferences of today’s consumers. To compete effectively, banks must embrace digital transformation, prioritize customer experience, and forge strategic partnerships. Let’s…

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BANCASURRANCE: Is it a Benefit or a Loss to Insurance Firms?

BankView Staff15 mins

Bancassurance, the distribution of insurance products through banks, has been a growing trend in the financial services industry for several years. This strategic alliance between banks and insurance companies has its proponents and critics, each with their views on whether it brings more benefits or drawbacks to the insurance sector. Let’s delve into the world…

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Banks commit to financing green energy initiatives

BankView Staff03 mins

Commercial banks and other financial institutions in Uganda have made commitments to provide funding for businesses and projects that promote environmental conservation and renewable energy. These institutions have taken steps to train their staff in assessing projects that support sustainable agriculture, energy efficiency, renewable energy, drip irrigation, clean transportation, and other eco-friendly initiatives. Ms. Virginia…

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Safaricom unveils zero-interest credit facility for the purchase of goods for up to Sh100,000

BankView Staff03 mins

Safaricom has officially introduced the zero-interest credit service called “Faraja,” which allows customers to purchase goods valued at up to Sh100,000 on credit. Initially, the financial regulator had blocked this service, but now it’s set to shake up the mobile loans market, challenging products like Fuliza, a mobile overdraft service offered on M-Pesa. Faraja enables…

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Banks must act within an 18-month timeframe to influence South Africa’s grey-listing

BankView Staff15 mins

In January 2025, the Financial Action Task Force (FATF), a global anti-money laundering watchdog, is set to review South Africa’s greylisting and assess the effectiveness of measures taken by the public and private sectors to address concerns related to money laundering and financial crimes. Failure to demonstrate a practical and scalable plan could result in…

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Diamond Trust Bank collaborates with fintech startup Boya to introduce a Virtual Visa Card

BankView Staff13 mins

Kenyan fintech company, Boya Inc, has teamed up with VISA and Diamond Trust Bank – Kenya to introduce a virtual expense card that will facilitate seamless payment and expense management for businesses, all at no cost. Boya’s platform is designed to revolutionize expense tracking and reporting for businesses of all sizes, providing them with unmatched…

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Equity Bank strengthens its Services offerings by becoming a member of FITSPA

BankView Staff12 mins

Equity Bank Uganda has officially become a platinum member of the Financial Technology Service Providers Association (FITSPA), reaffirming its commitment to delivering inclusive financial services. FITSPA, an independent and non-profit organization, aims to support Uganda’s aspiration to become a leading fintech hub by promoting affordable financial services through innovative information and communication technology, while also…

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Bank of Uganda is planning to gradually discontinue the use of paper notes with a denomination of Shs1,000

BankView Staff04 mins

The government is currently conducting a cost benefit analysis to determine whether to replace low denomination banknotes with coins. In a Letter of Intent published in the June International Monetary Fund (IMF) Fourth Review for Uganda, Finance Minister Matia Kasaija and Bank of Uganda Executive Director of Research Adam Mugume, representing the government, expressed concerns…

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