Category: News

#40Days40FinTechs: Craft Silicon is a game changer in payments space.

Our Reporter. The payment industry is increasingly experiencing a high level of disruption that is reshaping the payments space, thanks to a surge of new technology-driven processes. Operated by Financial Technology Companies (FinTech), the digital applications are enabling users to take payments to the next level in terms of speed, efficiency and convenience. And one […]

#40Days40FinTechs: Ugmart playing a role in facilitating cross-border payments

By Our Writer The Ugandan economy is heavily weighted in international trade, especially as an importer, mainly from China. Despite this, traders were finding challenges with cross-border payments as they involved multiple parties, currencies, regulations and risks. However, in a bid to make international payment more accessible and efficient to businesses, Ugmart, a Financial Technology […]

#40Days40FinTechs: Cytrone’s free digital transactions to boost financial inclusion

Our Reporter. Ugandans across the country could soon be able to access safe and convenient financial services if Cytrone launches its free financial inclusion product. Established in 2016, Cytrone Limited – a payment technology company that offers a domestic, open- loop, multilateral system that facilitates electronic payments, is in final stages of product development according […]

#40Days40FinTechs: True African is turning around payments in Uganda

Our Reporter. Over the past few years, distinctions between financial institutions and telecom service providers have been gradually breaking, thanks to the emergence of Financial Technology Companies (FinTechs) that are providing the needed bridge. FinTechs are transforming lives in Uganda and the entire African region for the better; facilitating payments, boosting financial inclusion and enhancing […]

#40Days40Fintechs: Lusuku Online links farmers to buyers

By Our writer Many small farmers in Uganda usually sell their produce at giveaway prices as middlemen often exploit them by offering low prices even when the prevailing market prices are higher. This mainly happens because of lack of market information. However, this could soon be history, if all farmers adopt online technologies that seek […]