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allafrica - 2 days ago

Uganda: Bank of Uganda Encourages Banks and Telcos to Go Cashless

[CIO] As Coronavirus cases rise to 14, 12 citizens and two Chinese, the Bank of Uganda (BoU) has instituted measures to safeguard Uganda s economy from the prevailing impact of coronavirus on the economy. Among the measures are to engage Mobile Network Operations (MNOs) and commercial banks to further reduce fees on mobile money transactions and other digital payment charges, in order to limit the use of cash and bank branch visit, increase daily transaction and wallet size limits for mobile money transactions,

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