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Cashless transactions rise with Covid-19, says BoU

Cashless transactions rise with Covid-19, says BoU
Wednesday March 10 2021
A customer uses a contactless card to complete a transaction in a supermarket. Covid-19, accelerated the adoption and use of financial technologies such as contactless payments. PHOTO | EDGAR R. BATTE
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Internet and mobile banking grew with disruptions occasioned by the Covid-19 pandemic, a Bank of Uganda review has shown.
The two platforms were some of the digital channels that registered strong performance in the financial services sector.
The quarterly financial stability review for the year ended December 2020 indicates that the value of Internet and mobile banking transactions rose by 30.2 per cent and 135.2 per cent, respectively while mobile money grew by 28.2 per cent compared to a 2.9 per cent growth in 2019, which represented an equivalent of Shs93.7 trillion. ....

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Stanbic to pay out Shs110b dividend amid Covid-19

Stanbic to pay out Shs110b dividend amid Covid-19
Friday January 01 2021
Summary
In a notice issued and signed by Mr Andrew Mashanda, chief executive officer, Stanbic Uganda holdings limited, the company announced that it had received regulatory approval for the dividend payout.
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Stanbic Uganda holdings Limited, the holding company of Stanbic bank, Stanbic Properties limited and Stanbic Business Incubator, has reversed its July resolution and announced that it will in April pay out the final dividend of Shs110b to its shareholders for the period ended December 31, 2019.

In a notice issued and signed by Mr Andrew Mashanda, chief executive officer, Stanbic Uganda holdings limited, the company announced that it had received regulatory approval for the dividend payout. ....

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ISOG, A Changing of the Guard

Published December 29, 2020, 12:40 PM
The Information Security Officers Group (ISOG) was organized by a team of current and now retired Chief Information Security Officers (CISOs) from different financial institutions. Its members initially consisted of CISOs and IT security professionals that come primarily from Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions, referred to as BSFIs. The organization’s main thrust is the formation of a new culture of Information Security that will have a far-reaching impact upon their respective institutions and the whole Philippine landscape. In order to cover the entire archipelago, ISOG has opened its membership to other non-BSFI institutions, thus, welcoming the rest of the end-user information security practitioners of the country into its fold. ....

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