Therefore, cards will be issued to both our customers and other individuals who have the desire to go cashless and are above 18 years old,”Kasi explained. Centenary Bank set to reward it’s clients using their Cente VISA card to make payments. This comes after the roll out of internet banking, and is a step towards enhancing customer’s convenience in accessing financial services. Extra … ... including getting a loan on phone, paying for school fees, paying utilities, sending and receiving money, checking for balances, … KAMPALA — Centenary Bank has added a new service on its Agent Baking platform that enables both its customers and bank non-customers to withdraw money at no charge. Six employees of Centenary Bank have been sent to Kitalya and Kigo prisons on remand over charges of conspiracy to defraud the bank and unauthorized disclosure of bank information. Money is secondary”, Alexander Elder.... Police have said they will duly vacate National... © 2020 Nile Post Uganda Ltd. - A Next Media Services Company. The tables show interest rates at Uganda’s 24 commercial banks — for current accounts, savings accounts, fixed deposits, and loans — loan-related fees and charges, minimum balances for different accounts, bank charges and fees, and fees on ATM transactions. June 8, 2020. in BUSINESS. Read More . Uganda blocks social media ahead of presidential, parliamentary … He said, ‘customers have up to six months to get their new Visa cards, there after the old magnetic stripe card shall be disabled from the system. Facebook WhatsApp Twitter. ... because they assume a risk that the customers might not pay the bill. Today, Centenary Bank is Uganda’s leading commercial microfinance bank, serving more than 1.4 million consumers, employing over 2,700 staff and holding an asset base of UGX 2.706.3 Billion as of December 31, 2017. This comes after the roll out of internet banking, and is a step towards enhancing customers’ convenience in accessing financial services. ... “the growth in Visa card users is a good indicator for the journey of moving from using cash to cashless, an agenda being pushed by Visa.” ... payment of utilities such as water, electricity and school fees, among others. According to the 2020 quarterly financial stability review by the Bank of Uganda, the value of payments made using debit cards increased from shs670.3 billion in 2019 to approximately shs3.2 trillion in 2020. ... No monthly fees; Instant transaction alerts; 24/7 access to your funds; No need to carry cash. Such an expansion drive calls for an increase in service outlets making platforms like Visa a natural option. Centenary Bank currently serves 1.4M customers, which is a third of the country’s banking population, and is running a financial inclusion drive to serve more. Centenary Bank currently serves1.4M customers, which is a third of the country’s banking population, and is running a financial inclusion drive to serve more. He said, ‘customers are now able to transact and open accounts conveniently through our CenteAgents in your neighborhoods. UCC Publishes List of Approved Radio Stations. With Centenary bank online banking, and through the use of a computer, tablet or smartphone for as long as one is connected to the internet be at home, office, school or work, one is guaranteed of enjoying benefits associated with the service including but not limited to the following below for up to 24 hours, access from anywhere, affordable, quick and easy Airtel Uganda Granted 20 Year National Operator License at a “Discriminatory” Price. The card can … Twitter. Merchant POS Service. Telegram. These include;- Steven Zziwa a banking officer at Centenary Bank – Bwaise branch, Nasir Doka the supervisor at the same branch, Diana Musisi Namubiru the branch […] ... 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