Day: June 19, 2024

The International Fund for Agricultural Development (IFAD) and Upesi Money Transfer, a regional payments provider, have teamed with FlexiPay, Stanbic Bank’s digital payment platform, to make it easier for FlexiPay users to send and receive money internationally. According to Josephine Nakato Kasacca, Lead Customer Experience & Operations at FlexiPay, the new collaboration is a reflection…

Mercantile Credit Bank Ltd.’s license has been revoked by the Bank of Uganda, which also instructed that the business wind down. Mercantile is a Tier II financial institution. Credit institutions are defined as “non-bank” financial organizations that take call and time deposits, which must be repaid either with notice or after a predetermined amount of…