PostBank Uganda has recorded a 24% growth in its agribusiness loan book between 2023 and 2024, reflecting the bank’s robust commitment to transforming Uganda’s agricultural sector. This growth is a…
PostBank Uganda, whose purpose is to foster prosperity for Ugandans, has today given a Ramadan token to Kalerwe Mosque to support 200 families and enable them to celebrate the upcoming…
Following their great performance in the subsequent games they have participated in, the Gazelles have received a Women’s Day boost from PostBank Uganda and Crown Beverages Limited (CBL), to celebrate…
Wendi Mobile Wallet, a payment platform developed by PostBank has facilitated the disbursement of UGX 520 billion to 10,589 Savings and Credit Cooperatives (SACCOs) across Uganda, marking a significant milestone in the country’s financial inclusion journey. According to George Kiyingi, Head of Agent Banking and Fintech Distribution at Wendi, the partnership with the government’s Parish Development Model (PDM) program has been instrumental in driving financial inclusion in Uganda. “By aligning with the PDM, the government banks through Wendi have been able to facilitate the disbursement of UGX 580 billion directly to SACCOs across more than 150 districts,” Kiyingi said. “This…
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Wendi Mobile Wallet developed by PostBank Uganda has emerged as a game-changer for financial inclusion in Uganda, empowering millions of underserved individuals and small businesses across the country. In a bid to bring seamless digital financial services to every Ugandan, Wendi Mobile Wallet set out two years ago with a clear objective. Today, that vision is materializing faster than anticipated, with the platform facilitating the disbursement of over UGX 520 billion directly to 10,589 Savings and Credit Cooperatives (SACCOs) across more than 150 districts. This initiative is part of the government’s Parish Development Model program (PDM), aimed at promoting local…
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PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This initiative is poised to provide approximately 13 million mobile wallet holders in the country with convenient access to financial assistance. XtraCash will be accessible through MTN mobile money, a leading mobile money operator, in partnership with PostBank Uganda as the financial partner providing much needed support to customers by extending micro-loans for everyday financial needs. While launching the new service, PostBank Uganda, Managing Director, Julius…
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As the Chairperson of UBA, please give an overview of the banking sector’s performance in Uganda and how it enhances economic growth and development. The banking sector has been relatively stable, save for the two financial institutions that were closed by the Bank of Uganda, whose closure did not present any systemic risk across the industry. Most of the member Supervised Financial Institutions (SFIs) met the new capital requirements as of 30th June 2024, and three (3) of our members opted to transition to Tier II status as a strategic direction. Deposits increased from UGX34.3 trillion as of June 2023…
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PostBank Uganda whose purpose is to foster prosperity for Ugandans made its mark at the just concluded Institute of Certified Public Accountants of Uganda (ICPAU) Awards by winning the Finance Team of the Year accolade. The awards aim to celebrate individuals and entities that are greatly contributing to the accountancy profession in Uganda. The team was recognised for playing a critical role in the transformation of PostBank over the past 4 years, delivering a transformed integrated report for the entity that resulted in several recognitions at the ICPAU Financial Reporting Awards, and their commitment to professionalism through sponsoring team members…
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The future of financial inclusion in this country and across the world will depend squarely on how efficiently and effectively the financial industry collects data from the millions of people who need financial services. In the last year, we at PostBank have had the honour of supporting the government’s disbursement of money for the Parish Development Model (PDM). We have disbursed about UGX 600 billion via our Wendi mobile wallet platform and are on track to disburse one trillion shillings by the end of the financial year. That is all very well, and these funds have assisted thousands of families…
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PostBank Uganda has appointed Ibrahim Kato as the Chief Retail Officer. In this new role, Kato will be responsible for the formation and execution of the Bank’s business growth strategy across distribution channels, Fintech Business, Sales, and Bancassurance. Kato is credited for undertaking numerous initiatives and transformations that have significantly contributed to the growth of the Bank’s balance sheet and profitability, as well as its drive for financial inclusion. He is also credited with nurturing a high-performance culture that has greatly impacted overall team performance across the board. His career in banking spans over 15 years, working for both international…
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