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Tuesday, 20th April, 2010
By David Mugabe
MEMBERS of the Police force will no longer need to go to the bank to withdraw money to carry out transactions, thanks to a new e-banking initiative.
MAPSwitch Uganda, providers of electronic financial services, plans to extend its branchless banking service to the force. Roscoe Nsubuga, the managing director, said the service enables clients to withdraw money, transact business, buy airtime or check their account balances using an electronic device at specific access points.
The roll out of the service to the Police force comes after a successful launch in the military. It is, however, currently only open to PostBank customers although negotiations are on to bring other banks on board. The Police force has over 30,000 servicemen and women. The mobile banking platform has already benefited over 57,000 UPDF soldiers, who belong to the Wazalendo military savings and credit cooperative organisation (SACCO).
