Find visitors' favorite businesstravel Hotels And.... Book your best!

ad. Buy Grade A Premium Uganda Vanilla Beans NOW Available for Export  

Nigeria firm to improve Bankom Uganda Services

Monday, 18th April, 2011

INTERSWITCH Nigeria has acquired a 60% stake in Bankom Uganda, a move aimed at accelerating the firm’s market penetration and improving service delivery, the company business development manager, has said.

Kanduho Baguma said the acquisition was timely because Bankom is looking to expand its electronic payment services in Uganda.

He said Interswitch commands 100% of the Nigerian interbank switch transactions, with a wealth of experience in the utility payments sector.

Interbank switch services enable a customer of one bank to perform transactions on the ATM of another bank, making ATM banking more convenient.

Cairo International Bank, Global Trust Bank, UBA, Fina Bank, Finance Trust, Orient Bank and dfcu Bank are currently using Bankom interbank switch service. This means that if a customer is a member of any of the banks, they can use the ATM services of any other Bankom member bank.

Baguma said Bankom currently operates 77 ATMs in Uganda through its member banks. It also operates its own Smartpoint ATMs.

“Although Bankom is not a bank, it provides the technological infrastructure that allows electronic financial transaction between banks, utility companies and individuals,” Baguma said.

He added that Bankom was looking to expand technological innovations like mobile banking, Internet banking and prepaid credit and debit cards.

The New Vision Newspaper

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .

Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page


feel free to ask our business travel consultants.

Book a Prisons & Correctional
Charity Tour

Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services

Our Sponsorship Policy

Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages

Uganda Hotels Directory

Uganda Hotels Booking Guide

Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide

The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today

Book My Hotel

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


Uganda Currency