Standard Chartered Bank (StanChart) and MTN Uganda Limited have signed an agreement to allow MTN Mobile Money collections for Corporate and Business clients directly into their Standard Chartered Bank accounts on a real time basis.This solution is dubbed Straight2Bank Wallet Collections and will be delivered through the Bank’s Straight2Bankelectronic banking
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One of China's biggest Bitcoin exchanges has said it will stop trading, after a government warning over virtual currencies, BBC reports. BTCC said it would stop buying and selling on 30 September in response to tightening regulation. It comes after authorities banned initial coin offerings on 5 September. The country
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MTN Uganda and the National Social Security Fund (NSSF) on Tuesday announced a partnership that enables payment of social security contributions using Mobile Money. The partnership enables NSSF members on the NSSF Voluntary Membership Plan as well as small and medium sized entities to conveniently make payments using MTN Mobile
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Uganda has been ranked 3rd in a survey on financial and digital inclusion by a US-based public institution, helped by the wide adoption of mobile money in the local economy. Brookings Institution’s Centre for Technology Innovation, a non-profit organisation based in Washington DC, in its latest report put Uganda 3rd
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China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market. Xin Guobin, the vice minister of industry and information technology, said the government is working with other
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By Mariam Abdullahi, After nearly two decades of uninhibited growth and profitability, African telecoms operators (telcos) are facing the converging forces of digital disruption. Some of the factors contributing to this are: easily accessible broadband internet, popular over the top (OTT) services such as WhatsApp, and changing consumer needs. According
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Bitcoin has crossed the $5,000 (£3,862) threshold for the first time. The virtual currency peaked at $5,103.91 in the early hours of Saturday, according to CoinDesk's price index. BBC reports that the record high helped push the total value of publicly traded crypto-currencies - including Ethereum and the Bitcoin-offshoot Bitcoin
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Telecoms service provider Airtel Kenya ended the 2016 financial year with a KSh45 billion (UShs1.5 trillion) debt load, a newly-released annual financial report says. The report, which was published on the Delhi-based parent company’s website, has for the very first time made public the inner details of the company’s financial
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A new payment solutions firm has opened up in Uganda. XMM (X Mobile Money), a mobile App developed by Dei Technologies that helps to bridge the mobile money gap between different networks joined the Ugandan market in June 2017. Maclina Birungi, the XMM Marketing Manager says with your Airtel line,
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Airtel Uganda Friday morning handed over prizes to its subscribers in the 8th draw of the on-going Mega Masappe competition. This draw saw Deborah Nabukenya , a farmer based in Nakasongola, drive off in a brand new Toyota Premio and two lucky subscribers, Nicholas Mugiira and Jackson Zakaria Ndiwayezu, take
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