Rwanda’s fast growing service provider of Voice, Data and Mobile Financial services has today announced the elimination of all costs for the popular Peer to Peer money transfer. Announcing the changes to the Airtel Money Tariff, Airtel Managing Director Mr. Amit Chawla said that Airtel is cognizant of the constraints that customers have faced due […]
Airtel Uganda, KCB Bank Rollout Mobile Loan Products
Airtel Uganda, KCB Bank Rollout Mobile Loan Products
Airtel Uganda an KCB Bank Uganda roll out mobile savings and loan products that will enable their customers to earn interest on savings and fixed deposits.
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Airtel Uganda an KCB Bank Uganda roll out savings and loan products for airtel customers. (PHOTO: Olupot Nathan Ernest/PC TECH MAGAZINE)
Airtel Uganda in partnership with KCB Bank Uganda, today announced a partnership to roll out savings and loan products that will enable their customers to earn interest on savings of 5% per annum on regular savings to 9% per annum on fixed deposits. Airtel Money Agents on the other hand will be able to borrow loans for as low as UGX300.
Daily Monitor
Tuesday June 01 2021
Summary
Standalone business. E-commerce platforms of Airtel Uganda and MTN Uganda have automatically become standalone businesses from their parent companies –the telecoms, a move that is likely to drive partnerships among payment service providers.
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Is it a good move, or a risky one? Whose business is it going to impact mostly? Is it the savers, banks or telecoms that have been managing mobile money services?
These are the lingering questions in the corridors, sparked off by the recent pronouncement by Bank of Uganda (BoU) Governor Emmanuel Tumusiime Mutebile that the Central Bank had commenced licensing of payment system operators, payment service providers and issuers of payment instruments.