DTB Launches “Digital Revolution Campaign” to Boost Financial Inclusion

Diamond Trust Bank Managing Director, Mr. Varghese Thambi while launching the digital campaign said that the digital revolution is a culmination of the bank’s intensified innovation with the aim of boosting financial inclusion through the offer of affordable banking services including; reduced transaction charges on payments and funds transfers. “Cognizant of the current economically challenging times, as DTB, we understand the customer’s need to reduce costs, make a saving and re-invest it. That is why we have rolled out the Digital Revolution campaign to meet our customer’s needs,” he noted.…

MTN, Airtel & Stanbic Bank lose Billions in Uganda’s Mobile Money Hack

This article is originally posted on ceo.co.ug Unidentified hackers broke into the systems of Pegasus Technologies, a company that integrates mobile money transactions between telcos, banks, and other local, regional, and international money transfer services, making off with a yet to be known sum, but said to be in billions of Shillings. The most affected firms are the leading telcos, Airtel and MTN Uganda, as well as Stanbic Bank, Uganda’s largest bank that also backs up most of the mobile money transactions. In a joint statement released today, 5th October 2020, Anne…

How Long Does a Wire Transfer Take?

This article is originally posted on Sigue. When you need to send money to a friend, family member, or business contact, a wire transfer is one of the fastest and most reliable ways to do so. Here’s what goes into sending a wire transfer, as well as how long a wire transfer will take. What is a wire transfer?  The term “wire transfer” refers to any type of electronic transfer of money. A bank wire is the most common, traditional bank-to-bank transfer. In these types of transfers, an amount goes…

Cheapest Ways to Send Money Internationally

This article is originally posted on Sigue. Whether you’re sending money overseas regularly, or just paying a few expenses while traveling, it’s important to find the cheapest way to send money internationally. Exchange and transfer fees can add up quickly. Here are some ways to transfer international remittances and other overseas payments at the lowest possible cost.  The SiguePay Mobile Money Transfer App Send money to more than 50 countries with SiguePay for either deposit to your recipient’s bank account or for a cash pick up and it is FREE…

Absa Bank Uganda launches contactless card at Master Supermarket

Due to the outbreak of Covid-19 pandemic across the world, several measures has been put in place and social distance was one of them. Uganda being one of the developing country in Africa, cash exchange as a form of transaction is still the order of the day as people hold and use it as they buy and sell. However, we have also seen other mode of payment already introduced that allow people to make payment without using physical cash like the Visa Debit Card which majority of the banks in…

DFCU Bank introduces KYEKYO which allows FREE MTN MoMo float top-ups

DFCU Bank, a commercial bank in Uganda has today announced a campaigned dubbed KYEKYO with dfcu Agent Banking. Kyekyo is a campaign dfcu Bank is running more so towards MTN mobile money agents. This campaign will allow MTN mobile money agents to enjoy FREE MTN MoMo float top-ups with over 200 dfcu Agents across the country and in their neighborhood. According to DFCU, they believe that they are in the business of creating possibilities, and so customers can now take advantage of FREE MTN MoMo floats top-ups at over 200…