Pearl Bank’s transition from PostBank marks the culmination of a five-year transformation journey—one that has modernised its operations, expanded its national footprint, and positioned the institution as a digital-first champion of financial inclusion in Uganda, as the CEO East Africa Magazine, Muhereza Kyamutetera, writes. The Bank of Uganda (BoU) has applauded Pearl Bank Uganda Limited for its seamless transition from PostBank, following a courtesy visit by Managing Director & CEO Julius Kakeeto to Governor Dr Michael Atingi-Ego. The courtesy meeting at BoU featured a symbolic handover of Pearl Bank’s operating license—originally issued earlier on 10th September 2025—marking yet another key…
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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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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…
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…
Wendi mobile wallet developed by PostBank has revolutionized the payment process for the Parish Development Model (PDM) program through its innovative digital platform. By leveraging cutting-edge technology, Wendi has successfully digitized PDM payments, reducing processing time, increasing efficiency, and promoting financial inclusion. Prior to the introduction of Wendi, PDM payments were manual, time-consuming, and often plagued by delays. However, with Wendi’s digital platform, payments are now processed in real-time, reducing the time taken to disburse funds from weeks to mere minutes. “Wendi has transformed the way we make PDM payments,” said George Kiyingi, Head of Agent Banking and Fintech Distribution…
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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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Western Union and PostBank Uganda today announce the launch of international money transfers in the Wendi mobile wallet. The co-branded digital service will empower customers in Uganda to send and receive funds globally. Wendi is PostBank Uganda’s innovative digital wallet that enables customers to efficiently manage and transact funds directly from their smartphones and feature phones. Customers can now receive money from their loved ones into the wallet seamlessly through Western Union’s vast global network, which spans over 200 countries and territories. They also have the flexibility to send funds to bank accounts and mobile wallets worldwide, as well as…
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The West Nile community has been called upon to embrace digital transformation as a gateway to economic empowerment, citing Wendi mobile wallet as a key driver towards scaling up financial inclusion in the region. This appeal was made during the launch of a strategic partnership between the West Nile Private Sector Development Promotion Centre Limited (WENIPS) and Wendi by PostBank, in Nebbi district today, 28th October 2024. The partnership intends to connect over 7,500 SACCOs and Village Savings and Loan Associations (VSLAs) to Wendi’s mobile financial platform in West Nile, and districts like Nebbi, Arua, Yumbe, Koboko, Moyo, and Adjumani…
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In his first anniversary interview with CEO East Africa Magazine, as PostBank Managing Director/CEO held in September 2020, Julius Kakeeto envisioned a transformed financial institution. “A tier 1 fully fledged digital commercial bank at the heart of the country’s economic growth by economically transforming the lives of millions of Ugandans and businesses, in partnership with government,” was his straight answer when we asked him where he saw PostBank in the next 5-10 years. Kakeeto, who at the time said the bank was going through some housecleaning and restructuring, which he called “strengthening the bank’s foundation so that it can optimise…
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