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…
In a bold move to deepen financial inclusion across Uganda, Wendi, a digital mobile wallet developed by PostBank Uganda which has embarked on a journey to rebrand to Pearl Bank,…
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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In 2023, PostBank Uganda (PBU) launched an innovative digital wallet called Wendi. The mobile wallet was designed to foster prosperity for Ugandans by bridging the financial inclusion divide and extending…
In an effort to guide its customers through the technicalities of other investment options, PostBank Uganda shared tips on how individuals can explore PostBank’s different investment options and benefit from…
By Flavia Nabukeera Savings to some is a discipline, and to others, it is a tug of war where one compares what they earn and what they can put aside for future investment. Oftentimes, the outcome is resorting to not saving anything at all because they think they never have enough. But how does one develop a savings habit? Is it after facing a life-challenging situation that prompts one to put money aside? It can be 5%, 10%, 20%, or even 50%, or a discipline that one has to master whenever they have extra money from their earnings, then dedicate…
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By Francis Lutalo The banking industry is facing unprecedented times with the need to adapt faster to emerging technology to serve the ever-changing client needs. Faced with competition from other third-party service providers and middlemen, banks are exploring how to replace the current traditional banking infrastructure with the transformative power of blockchain technology to speed up payments, remittances or even day-to-day over the counter transactions. Advanced economies such as the USA and China have already demonstrated considerable success with blockchain technology in digital currencies, payments and remittances with the global south slowly catching up. Rwanda and Ghana are prime examples…
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Over the past decade, the banking industry has been part of the digital age continuously adapting the latest technology innovations to redefine how customers interact with banks. The digital age, which is a successor to the Industrial age, has its peculiar challenges because most of the information is too massive, and the human brain may not have the capacity to make sense out of it. That’s why Artificial Intelligence (AI) and machine learning comes in handy to make use of that information. The thinking we have as PostBank is to leverage data to improve our banking experience for customers. How? Move…
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The government of Uganda has released more money towards its household poverty alleviation initiative, the Parish Development Model (PDM). This was confirmed by PostBank Uganda, the gov’t distribution partner of the cash to the final recipients through its mobile wallet platform, Wendi. The amount totalling up to UGX 267 Billion was disbursed among 5,322 government-identified and vetted SACCOs country-wide with each earmarked to receive UGX50M. “We received the latest batch of money from the government on Tuesday, 09th April, to distribute to over 5,000 SACCOs around the country covering over 100 districts. We completed the disbursement to all the SACCOs…
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