Centenary Bank has partnered with Airtel Uganda to officially launch the Mobile Wallet service, an innovative financial service that enables the bank’s customers to access, deposit and withdraw money from their bank accounts using their phones.
The Mobile
wallet service is an additional feature on the bank’s 24 / 7 mobile banking
platform dubbed CenteMobile. Other financial services on the CenteMobile
platform include; transfer of funds, payment of utility bills (e.g. NWSC,
electricity on Yaka and postpaid, pay TV), request for mini statements, and
fundraising among others.
At the
launch of the service, Fabian Kasi, Managing Director Centenary Bank noted that
the innovation was a great opportunity for the Bank to simplify and make
banking more convenient for the everyday person by utilizing the latest and
best technology available.
“We
realized that there is a need to serve more people with less structured costs.
These partnerships have transformed the industry,” he added, revealing that
about Sh8bn is transacted from centenary bank accounts to phones and about
Shs4bn from phones to bank accounts.
With Mobile
Wallet, Airtel Money customers who have accounts with Centenary Bank will be
able to deposit mobile money directly to their phones.
Airtel
Uganda MD, Mr. Tom Gutjhar said, “We are proud to be associated with Centenary
bank, each development and partnership that involves Airtel Money is ultimately
designed to ease the lives of our mutual customer. We look forward to forging
more of these innovative partnerships and ultimately making Airtel Money the
number one partner of choice in mobile banking,”
To
access the Mobile Wallet service, one has to be registered with CenteMobile
first. CenteMobile can be accessed on any type of phone and as an application
on smart phones.
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