MTN Uganda, PostBank partner to launch ‘Wendi’ innovative mobile wallet platform
Date: 2023-07-12
MTN Uganda and PostBank, a government of Uganda-led financial
institution have joined forces to roll out an innovative mobile wallet platform called
Wendi, to support the government of Uganda’s effort in disbursing the Parish Development
Model (PDM) funds.
The electronic payments platform powered by PostBank offers
customers a wide range of mobile transactions, including paying for utility
bills such as Umeme, URA, NWSC, TV subscriptions, school fees, and lots more,
paying for goods & services, B2W and W2B. Customers will also enjoy extraordinary
accessibility courtesy of over 3000 Wendi agents
that will be stationed countrywide within the next year.
To
support the initiative, PostBank, and MTN Uganda have distributed 170
smartphone devices to 170 SACCO representatives in Bukedea. The 5G network-enabled
smartphones will allow SACCO representatives to facilitate convenient and
timely transfers of PDM funds to beneficiaries’ mobile money accounts. We also
intend to provide all SACCOs with accounts in PostBank with gadgets.
Speaking at the launch, MTN CEO, Sylvia Mulinge reiterated MTN’s
commitment to its customers’ growth and contributing towards the economic
development of Uganda.
“At MTN, we have been champions
of financial inclusion through our mobile money services, and we understand
that in Uganda’s development story, no one should be left behind. Our
partnership with PostBank on the Wendi mobile
wallet is yet another financial inclusion milestone for Ugandans to celebrate,” she said.
PostBank’s Executive Director and Chief
Digital Financial Services Officer, Andrew Kabeera, also assured customers that Wendi is the future of banking more so in the
internet space. “PostBank is committed to
maintaining the highest standards of security and data privacy for its
customers. Wendi is built on robust security systems, including encryption and
multi-factor authentication to ensure secure transactions, and safeguarding of
customers’ information,” Kabeera remarked.
By: Kanto Okanta
