• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

350,000 users already on Board as Deputy Governor launches Wendi Mobile Wallet 

Watchdog Uganda by Watchdog Uganda
2 years ago
in Business, Finance
9 1
Deputy Governor Bank of Uganda Dr. Michael Atingi Ego launches the Wendi Mobile Wallet by having his finger prints verified on the system as Post Bank MD Julius Kakeeto, Wilbrod Owor the UBA Executive Director and other Bank CEOs look on in the background

Deputy Governor Bank of Uganda Dr. Michael Atingi Ego launches the Wendi Mobile Wallet by having his finger prints verified on the system as Post Bank MD Julius Kakeeto, Wilbrod Owor the UBA Executive Director and other Bank CEOs look on in the background

ShareTweetSendShare

By Michael Kanaabi Dollar 

Wendi Mobile Wallet an open ended Fintech and E-Money innovation of Post Bank Uganda through which it is set to partner with other banks and telcos which are already on board that is Airtel and MTN to extend financial services to Uganda’s unbanked population both urban and rural was launched officially by Bank of Uganda Deputy Governor Dr. Michael Atingi Ego at the Kampala Serena Conference centre.

Speaking at the launch of the Wallet where he was the Chief Guest, the Deputy Governor said, “ I commend Post Bank Uganda for moving fast and launching the much anticipated Wendi Mobile Wallet just 3 months after getting their National Payment Systems License allowing them to issue E-Money from us at the Central Bank. This very innovative product is in line with Bank of Uganda’s vision of financial inclusion for all.” 

Having successfully facilitated the disbursement of Parish Development model funds recently during it’s piloting phase which is a government program aimed at lifting 3.5 million households out of poverty, boasting over 373 agents signed up already  and 700 billion plus in transactions, Wendi officially moved today beyond PDM to all other users and members of the general public the Deputy Governor asserted. 

With it’s ability to integrate with other banks seamlessly and also linked to the National information Registration Authority (NIRA), he urged other banks to come on board and make best use of this platform instead of duplicating similar platforms given a shared platform which is easy to integrate cuts down the cost of digital transactions as a whole.

In his final remarks the Deputy Governor urged the creators and managers of Wendi Mobile Wallet to ensure information security, safety of clients funds ensure its available for clients all the time with very limited down time adding that they will as the regulator continue issuing guidelines, carrying out audits and work on policy improvement to ensure this digital wallet is a success on top of all other initiatives aimed at universal financial inclusion.

Julius Kakeeto the Post Bank Uganda MD , Deputy Governor Michael Atingi Ego display Post Bank’s National Payment Systems License for E-Money while other Bank CEOs and key stakehokders look on at the launch of the Wendi Mobile Wallet

Post Bank Uganda Managing Director Julius Kakeeto highlighted some of the milestones this nascent mobile wallet has been able to achieve to date while speaking at the launch of Wendi.

He said, “ 350,000 users have already signed up to the Wendi Mobile Wallet which shows the rate of uptake is really impressive with the capacity of the Wallet’s robust system able to process up to 500,000 plus transactions in a single day, the room for growth and Expansion is massive.” 

Kakeeto pointed out that what differentiates Wendi Mobile Wallet from all the other similar products on the market is you don’t need a bank account to get onto it.

And you can sign up to it in under a minute by downloading the application from your app store and filling out what is needed on the app or logging onto USSD code *229# and following the prompts to create your own account he said.

Convenience which involves easy bank to wallet transfers, paying of bills like National Water, TV and Yaka plus up to 5% interest regularly remitted for your savings on the wallet and any one being able to start saving on the app from as low as Shs. 1000, Wendi Mobile Wallet is a new dawn of convenience not experienced before in the digital transactions space.

Our long-term aim for the establishment of Wendi Mobile Wallet goes beyond Post Bank given we already have an internal digital application, we were looking at reaching out to the unbanked and fostering financial inclusion for all in collaboration with other banks that is why Wendi is branded independently from Post Bank.

We have engaged other banks to come and be apart of this platform and bid to push financial inclusion for all and so far 6 Banks which include EXIM Bank, Equity Bank, Housing Finance Bank, Opportunity Bank, Pride Microfinance and DTB have expressed interest with the process of boarding and integrating them into the system ongoing.  With the support of government, Kakeeto said they plan to have a Wendi agent established in each of the 10500 parishes across the country to finally move towards financial inclusion for all.

Andrew Kabeera Post Bank’s Executive Director also the lead Executive in the creation of the Wendi Mobile Wallet said this innovation journey started back in 2020 when Covid 19 struck and government needed to get a way of sending much needed relief funds to those in need.

“Issues of verification of who is needy and who isn’t, ensuring the relief funds reached those who needed them directly and getting Ugandans who were financially excluded into the money economy are the challenges we set out to solve then” he says.

And all our efforts including previous innovations have merged into this great innovation the Wendi Mobile Wallet.

Kabeera notes that this wallet has the ability to carry out money transfers, offer micro credit, handle deposits and savings while offering interest with time.

With Value added services like micro insurance, providing a platform on which Saccos and Village saving schemes can operate effectively while also being able to integrate account opening and co- lending among the various banks that are in advanced stages of joining the platform, the Wendi Mobile Wallet has surely raised the bar for E-Money and digital transactions.

Email: michaelkanaabi@gmail.com

WhatsApp: +256701133509

 


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share2Tweet1SendShare

Related Posts

Business

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Hon. Raphael Magyezi
Agriculture

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06
The Queen’s Ball, a high-profile fundraising gala, will bring together entrepreneurs, diplomats, corporate leaders, and Buganda Kingdom officials to foster dialogue, reduce stigma, and support grassroots mental health efforts.
Business

Speke Resort Munyonyo to Host UNESCO Africa Engineering Week 2025

4th July 2025 at 10:07
Next Post
EACOP

Human Rights Watch Urges Uganda to Drop Charges Against Anti EACOP Activists 

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1112 shares
    Share 445 Tweet 278
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    37 shares
    Share 15 Tweet 9
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2286 shares
    Share 914 Tweet 572
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    44 shares
    Share 18 Tweet 11
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    120 shares
    Share 48 Tweet 30
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Bwanika Joseph

BWANIKA JOSEPH: The Ballot and the Briefcase, Uganda’s Corporate Workers Must Vote for Fairness and Dignity

5th July 2025 at 10:36

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

CAN JOHN BOSCO MUWONGE CLAIM A SPOT AMONG AFRICA’S WEALTHIEST?

5th July 2025 at 18:09
Bwanika Joseph

BWANIKA JOSEPH: The Ballot and the Briefcase, Uganda’s Corporate Workers Must Vote for Fairness and Dignity

5th July 2025 at 10:36

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda