KCB Bank Uganda is facing significant challenges following a major glitch in its agent banking system that reportedly led to incorrect payouts to agents nationwide. The anomaly, which occurred during a 12-hour period on a recent Tuesday, resulted in agents allegedly receiving higher amounts than intended for withdrawals and transfers. While KCB Bank Uganda has confirmed…
In the ever-evolving landscape of financial technology, USSD codes have emerged as a convenient and accessible means for individuals to conduct banking transactions on the go. In Uganda, mobile penetration is high but access to traditional banking services is limited which makes banking via USSD an essential service. This comprehensive guide delves into the world…
In the dynamic landscape of digital lending, M-Shwari, a mobile lending platform owned by NCBA Group, has secured a commanding 34% market share, making it the leading player in the sector. This revelation comes from data provided by the Competition Authority of Kenya (CAK), shedding light on the evolving digital credit landscape in the country….
Verve International, Africa’s largest domestic payments scheme, has achieved another significant milestone by surpassing 50 million issued payment cards in Nigeria.
