Now-Now loans

Stanbic Bank Uganda’s ‘Now-Now loans’ and FlexiPay, have won the lender international recognition for ‘Best Innovation in Retail Banking.’ The award by the London based International Banker Magazine, is open to banks worldwide and recognise top-ranking individuals and organisations setting new benchmarks for performance and pushing the boundaries within the financial industry. In winning the ‘Best Innovation in Retail Banking Award’ Stanbic Bank reaped from its recent mobile and digital banking innovations that enabled its prequalified customers to access unsecured personal loans within five minutes using a USSD code on their phones. The innovation proved timely during the lengthy lockdowns…