International

New Bulk m-Payment Solution

Barclays Bank has signed a partnership with Airtel to provide a bulk m-payment solution for the bank’s corporate customers in Uganda.

“The solution will make it easier for insurance companies to settle claims, cooperative societies to disburse loans to members, companies to make payments of cash prizes to winners for the various consumer promotions and projects to disburse various funds to aid recipients” James Kinyany, the acting Barclays Managing Director said.

Airtel Uganda Director for the Mobile Money platform, Nuhu Kanyike said, “With this platform people, in the private sector can make their payment easily especially the contractors instead of spending a lot of time lining up in the banking halls as it has been. This will improve the payment system to the casual laborers and also making orders for the supply of goods and services.”

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Click to comment

TRENDING RIGHT NOW

To Top