Bank Fraud: Protecting Your Finances in the Digital Age
In today’s digital age, where financial transactions are predominantly conducted online, the risk of bank fraud has become a pressing concern for individuals and businesses alike
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Banking professionals advocate for the establishment of a statutory professional body to regulate the banking industry.
The banking industry in Uganda is calling for the official recognition of the Uganda Institute of Banking and Financial Services as a statutory body responsible for regulating and professionalizing the industry. Industry leaders believe that establishing this statutory body will facilitate the enforcement of standards in the banking sector.
Centenary Bank allocates UGX 600 million to support the next 3 Masaza Cup Tournaments.
Centenary Bank has today announced its commitment to the Masaza Cup tournament by sponsoring it with a generous package of UGX 600 million for the next three years, with an annual contribution of UGX 200 million. As a bank dedicated to the growth and progress of the country, Centenary Bank has a strong track record…
Payments in dollars banned by The Central Bank of Tanzania
The Central Bank of Tanzania has issued a directive ordering businesses to cease conducting transactions in US dollars and mandating that all prices be quoted in Tanzanian Shillings.
CFAO Motors & Stanbic Kenya enter asset finance agreement
Stanbic Bank Kenya has entered into an asset finance agreement with CFAO Motors Kenya, allowing consumers who wish to purchase new motor vehicles to access full financing.
Money transfer app Chipper Cash launches in Rwanda
Chipper Cash, an African cross-border fintech startup, has enabled Rwandans to send money directly to mobile money and bank accounts in over 21 countries in Africa and the United States. This significant development was announced during the Inclusive Fintech Forum in Kigali, where Chipper Cash revealed its customer base of over five million across Africa….
Stanbic’s FlexiPay and TotalEnergies Partner to Ease Prepaid Customer Card Top-ups
Stanbic Bank and TotalEnergies have joined forces to offer an enhanced payment solution for individuals with TotalEnergies Cards in Uganda. Through the partnership, cardholders can now conveniently load credit to their cards using Stanbic Bank’s digital payment solution, FlexiPay. Previously, customers had to physically visit a TotalEnergies Service Station or a Stanbic Agent to reload…
Dfcu Bank’s Investment Club App bags Platinum Accolade at the Infosys Finacle Innovation Awards 2023.
Dfcu Bank’s Investment Club App has been recognized as the Platinum Winner in the Business Model Innovation category at the prestigious Infosys Finacle Innovation Awards 2023. The app stood out among over 200 nominations received from around the world
Unlicensed lending firms & individuals warned by the Central Bank of Tanzania
The Central Bank of Tanzania (BoT) has issued a stern warning to unlicensed financial institutions, companies, and individuals engaged in lending activities, emphasizing that strict measures will be taken against those who violate laws, regulations, and guidelines. In a statement released by the lender of last resort, it was highlighted that violators of financial regulations…
Standard Chartered Bank Unveils SC Shilingi Funds; A low-cost investment Option
Standard Chartered Bank Uganda has launched a groundbreaking product known as SC Shilingi Funds, revolutionizing the investment landscape for Ugandans. As the first financial institution to introduce such a product in the market, Standard Chartered Bank is paving the way for small-scale, flexible local currency investments. SC Shilingi Funds operate as a collective investment scheme,…