With the growth of Mobile Money, companies continue to push the possibilities of what the platform can do. Barclays Bank of Uganda and Airtel Uganda have signed a deal to provide a mobile bulk payments service for its customers. The service makes it possible for businesses and organisations to make payments to a group of people such as employees. The Telecompaper reported that;
The service will also make it easier for insurance companies to settle claims, cooperative societies to disburse loans to members, companies to make payment of cash prizes to winners for various consumer promotions, and projects to disburse various funds to aid recipients, authorized by the known account signatories through the Barclays online banking platform.Advertisement - Continue reading below
Barclays requires its clients interested in the service to sign up and then get training how to prepare and make payments to each recipient using their mobile phone numbers. Once payment is made, funds are transferred to the recipient who receives an instant SMS notification confirming amount received and the relevant sender. The recipient will then be able to withdraw funds at the nearest Airtel Mobile money agent countrywide.
Nuhu Kanyike, The Director for the Mobile Money platform, Airtel Uganda is quoted saying; “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.”
“Creating prosperity for our customers, colleagues and stakeholders is at the heart of our purpose at Barclays and we are extremely happy to deliver an improved and convenient solution to our clients which will ensure that we reach many people using a low-cost service delivery platform,” said. Mr. Kinyany Barclays Managing Director
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