A new chapter in Uganda’s digital finance landscape is quietly unfolding as Stanbic’s FlexiPay and Pearl Bank’s (formerly PostBank) Wendi Wallet join forces to create one of the country’s most powerful interoperable payment ecosystems. Together, the two will drive over UGX 6 trillion in annual digital transactions, merging liquidity, inclusion, and innovation into a seamless financial network that connects over 1.5 million Ugandans. Fillings contained in the two banks’ 2024 financial reports tell of a partnership that could shape a new revolution in Uganda’s e-money ecosystem. Yet it introduces a new chapter of partnerships that will likely reshape how…
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Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and increasingly resilient. Regulatory capital sits above 25% of risk-weighted assets, double the global standards. Non-performing loans have fallen from 5.2% to 4.1% in a year, while liquidity coverage ratios have surged to an extraordinary 580%. Returns on equity remain a solid 16 to 17%. In short, Uganda’s banks are safe, liquid, and among the most profitable in the region. Yet behind this impressive stability lies a nagging paradox:…
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In the modern economy, the power to transact defines the power to participate. Yet for millions of Ugandans, especially in rural communities, this power has long been out of reach. …
Uganda’s remittance inflows are worth more than USD 1.4 billion a year — a figure Julius Kakeeto, Managing Director of PostBank and Chairman of the Uganda Bankers’ Association, believes can…
In a week-long agricultural exhibition that attracted farmers and Agri-Entrepreneurs from different districts across the country and the wider region, including a 10-women delegation from Kenya and a 3-women delegation…
A trillion shillings has been disbursed to Parish Development Model (PDM) beneficiaries through Wendi, a digital wallet developed by PostBank Uganda, marking a significant milestone in Uganda’s push for financial…
By George William Kiyingi In Uganda’s bold ambition to eradicate poverty and foster prosperity at the grassroots, the Parish Development Model (PDM) stands out as a transformative framework. Yet, no…
In 2024, PostBank grew into a thriving digital bank, posting UGX35.4 billion in net profit and amassing UGX1.4 trillion in assets. This success builds on the momentum of 2023, a year marked by income growth to UGX206 billion and a deposit increase to UGX990 billion. A significant contributor to this growth? The bank’s Fintech arm, particularly the Wendi Mobile Wallet, has emerged as a key driver of PostBank’s transformation and profitability. Wendi’s inclusive digital footprint Since its launch in October 2023, the Wendi Mobile Wallet has onboarded more than 1.5 million users, including more than 10,000 Saccos and 8,000 agents….
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PostBank Uganda, whose purpose is to foster prosperity for Ugandans, has today shared Eid Al-Adha joy with the Muslim community across different regions, where the bank has a branch in…
PostBank Uganda is pleased to announce the appointment of Mr. Martin Mugisha as Executive Director Operations. Mr. Mugisha, who has until recently been the Chief Credit Officer at PostBank Uganda,…
