Why Ugandans would rather spend on Dubai than their own country
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Daily Monitor Friday January 15 2021 Close to Shs66.6b, which is transacted through Fintechs on a daily basis, is now locked up due to a shutdown of the Internet. PHOTO | FILE Summary Advertisement Financial Technology companies also known as Fintechs have said they expect to lose at least Shs66.6b on a daily basis after government shut down the Internet on Wednesday. The loss is expected to affect a wide range of Fintech operations, many of which support financial transactions, spreading to banks, telecoms (mobile money) and insurance companies. Finetech provide an enabling system for fi...
More than 300 million transactions, which are estimated to be worth Shs666b, are conducted through the Fintechs system on a daily basis