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Airtel Mobile Commerce Uganda Limited has launched a collaboration with UN Capital Development Fund (UNCDF) that will onboard 300 new Airtel Money agents, 400 Airtel Pay merchants, 500,000 active Airtel Money customers to reach the targeted 1 million newly registered Airtel Money customers in the North and West Nile regions of Uganda. The partnership aims to support the National Government’s strategy, the Uganda National Financial Inclusion Strategy 2017 – 2022, to ensure women, youth and rural populations at large are reached by services of the finance sector whilst building the digital infrastructure necessary to broaden savings, investment, insurance and reduce…
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PostBank has come out to clarify on an incident where at least 6,000 people on the Airtel mobile network mistakenly received double payment of the Covid-19 relief cash. In a statement released today, the bank says there was indeed an incident which was quickly identified and flagged to Airtel Uganda. The bank goes on to say that the incident had nothing to do with data from Ministry of Gender, Labour and Social Development as earlier rumours had suggested. “… Of the beneficiary payments made so far, 6,011 were paid twice. This was a single incident relating to a batch upload…
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By Damalie Tibugwisa There is no doubt that mobile money services have transformed and revolutionalised the financial sector in Uganda. Mobile money has created new opportunities especially for SMEs, supported the much needed financial inclusion especially in the informal sector that is largely unbanked. However, at the same time, the gaps in regulatory framework have led to the increased orchestration of cybercrimes like fraud, identity theft or impersonation and also allowed the telecoms to profit from unfair and obscure rates and charges for their services. Although the advent of mobile money services in Uganda was in 2009, until recently, there…
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