As the country goes through a second lockdown, dozens of businesses are experiencing a great decline in activity with limited sales. Now, traders are using microblogging sites like Twitter, Facebook, Instagram and WhatsApp, among others, to market their products and skills, tapping into the scattered online market.
The ‘Electronic Know You Customer’ (eKYC) platform allows the banks to access the data bank at the National Identification Regulatory Authority (NIRA), as a way of verifying the authenticity of the data presented by the customer.
According to a survey by the Financial Sector Deepening Uganda, there are many Ugandans who have refused to embrace digital or non-physical contact transactions, unsure of the safety of their money.
Seventy-five-year-old Bicentina Alal and her 80-year-old husband Tito Okema, have been saving money in a metallic case for over three years. The couple lives with their six grandchildren in Kali-Kali Village in Rec Iceke Parish in Layima Sub County, which is about 50kilometers away from Gulu City Centre.