by James Stevenson -

MICROCAPITAL BRIEF: Stanbic Bank Uganda, IFAD Seek to Reduce Costs of Remittances via FlexiPay E-wallet, Encourage Adoption via SACCOs

Kampala-based Stanbic Bank Uganda and the UN International Fund for Agricultural Development (IFAD) have announced a partnership with the goal of reducing the cost of remittances to Uganda from other countries. In particular, the aim is to