40 Days 40 FinTechs Season 4 Day 42 Until recently, the primary methods of transferring money from one bank account to another were through cheques or Electronic Funds Transfers (EFTs). Unfortunately, these traditional methods are often sluggish, labor-intensive, susceptible to errors, and necessitate multiple layers of verification, rendering them less efficient. However, through the power […]
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40 Days 40 FinTechs Season 4 Day 40 With an impressive 23-year legacy, Craft Silicon stands as one of the most enduring and influential FinTech companies, boasting a clientele spanning over 30 nations across Africa and Asia. Their broad spectrum of services has demonstrated profound versatility, encompassing domains from microfinance to commercial banking, Islamic banking, […]
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40 Days 40 FinTechs Season 4 Day 38 The year 2023 is a special one for Uganda’s largest indigenous bank. Centenary Bank is celebrating 40 years of transforming the country’s banking sector. Because of their rural development agenda, Centenary Bank transformed Uganda’s banking from an elitist perspective to targeting the ordinary person. And when the […]
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40 Days 40 FinTechs Season 4 Day 36 Since MTN Uganda launched mobile money some 14 years ago, the money transfer and financial technology landscape in Uganda was forever revolutionized. The convenience, timeliness, and robustness that come with mobile money have seen millions of Uganda’s unbanked population use this service at least once every year. […]
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#40Days40FinTechs Season 4 Day 35 When Doreen Nanfuka started an events management, company called Fuuka Star a few years ago, her most immediate challenge was about the cost of ticketing. This is on top of the hustle of printing tickets and incorporating security features to avoid fraudsters. Then she soon learned about Ticteq, an online […]
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#40Days40FinTechs Season 4 Day 34 Deborah Mulungi had gone shopping in a local supermarket when she met a fine lady wearing a T-shirt with the inscription – Izere Education. Curious, Mulungi stopped this lady and asked her what Izere Education stood for. “She told me about many things but I had never heard about Early […]
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While the COVID-19 crisis has taught people the importance of digital technologies in all aspects of life, its importance has been greatly felt in the financial space. An increasing number of transactions are progressively going online as social distancing and the lockdown proved that it isonly technology that can be harnessed to keep things moving, […]
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While some people and businesses in Uganda would be willing to pay taxes, the cumbersome procedures make it difficult for many to comply. This explains why the Uganda Revenue Authority, the body charged with collecting taxes on behalf of the government, is still failing to increase the country’s taxable base, despite there being a big […]
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If there is anything that the corona virus crisis has taught business people in Uganda and world over, it is the power of technology in providing goods and services. With the lockdowns that cut across nations as countries implemented measures to curb the spread of the dreaded virus, the only businesses that managed to generate […]
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Merchandise Uganda, an e-commerce platform that connects sellers to buyers is increasingly gaining prominence in Uganda, owing to its ability to connect businesses to market across the globe easily. Established in March 2019, the platform allows merchants to open mini-showrooms through which they market their products to potential buyers by posting product photos and adverts, […]
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