The bank has added a feature called SC Keyboard on their digital app, SC Mobile, designed to show up on the lower left corner of the chats whenever one has opened say Facebook, WhatsApp or any other social media platform.
A team from Parliament’s National Economy Committee had gone to monitor ongoing works at the 30-acre facility along the Kampala-Entebbe Road. The MPs sought permission from the Health Ministry to visit the site.
Stanbic Bank chief executive Patrick Mweheire says that more than 80 per cent of their transactions, during the last half of the year, were on digital platforms. Agent banking made up 20 per cent of the bank's transactions, with the bank enlisting 1,000 agents across the country.
The East African Monetary Union Protocol, signed in 2013, set 2024 as the year to have all countries in the EAC using a single currency, and integrated payment systems. However, preparations, including setting up regional statistics body, the East African Financial Services Commission, and the East African Monetary Institute, have progressed rather slowly.