For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their…
Mobile money is the backbone of Uganda’s everyday economy. With over 30 million registered accounts and trillions of shillings transacted every month, mobile money powers how Ugandans pay, trade, and support one another. Much of this activity peaks on weekends. Across the country, Saturdays and Sundays record some of the highest transaction volumes, driven by market days, travel, social functions, remittances, and informal trade. For mobile money agents in taxi parks, trading centres, and neighbourhood kiosks, weekends are often the most profitable days of the week. Yet they have also been the most frustrating. When demand is highest, access to…
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Centenary Group, through its technology company – Centenary Technology Services, has signed a landmark Memorandum of Understanding (M.O.U) with Service Cops, formalizing a strategic technology and business partnership aimed at accelerating digital transformation, deepening financial inclusion, and expanding access to modern digital services across Uganda and the wider African region. Service Cops is a Pan African Technology Innovations and Outsourcing Solutions powerhouse that specializes in developing proprietary digital financial solutions, bespoke enterprise platforms and business outsourcing solutions for African markets and beyond. The partnership, coordinated at Group level through Centenary Technology Services (Cente-Tech), brings together Centenary Group’s 43-year legacy of social-impact…
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The Bank of Uganda (BoU) has issued an operating license to Pearl Bank Uganda Limited, which formerly operated as PostBank Uganda, paving the way for the institution to commence business under its new name and identity. The license was handed to the Bank’s Managing Director, Mr. Julius Kakeeto, by the Bank of Uganda Governor, Dr. Michael Atingi-Ego, a symbolic phase in the Bank’s rebrand journey, signifying its official crossover from PostBank to its current designation, Pearl Bank Uganda Limited. The regulatory approval to rebrand to Pearl Bank follows the Bank’s five-year transformation strategy and its earlier elevation to a Tier…
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By Musa Musazi, A few weeks ago, I met a hardware shop owner in one of our upcountry branches. He told me that while digital payments have made business easier,…
Wendi, the digital wallet developed by Pearl Bank (formerly PostBank Uganda) has today announced a partnership with TotalEnergies Marketing & Services (M&S) aimed at simplifying customer payments at all Total fuel stations using the…
In a landmark partnership that signals collaboration over competition, Pearl Bank Uganda (formerly PostBank Uganda), a leading government-owned financial institution and Stanbic Bank Uganda, the country’s largest commercial bank, have…
Uganda’s agent banking industry has entered a new phase with latest data from Bank of Uganda painting a picture of a sector in full bloom. As of June 2025, the…
Payments through cheques in Uganda’s financial eco-system continues to decline as Bank of Uganda (BoU) intensifies efforts to promote digital and electronic payments. Latest data from the central bank shows that both volume and value of cheque transactions have dropped, reflecting a steady shift toward electronic funds transfers and mobile-based banking solutions. BoU data indicates that cheque transaction values fell by 3.6%, from UGX 4.8 trillion in the year to June 2024 to UGX 4.62 trillion in the same period in 2025. Similarly, the volume of cheques declined by 3.9%, from 1.05 million to 1.01 million transactions over the same…
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The Uganda Digital Society (UDS) has signed a landmark partnership with the National ICT Innovation Hub (NIIH) under the Ministry of ICT and National Guidance. This collaboration is designed to…
