• EDITORIAL POLICY
  • ABOUT US
Monday, April 12, 2021
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home BUSINESS

Housing Finance Bank, World remit partner to boost diaspora banking

JAVIRA SSEBWAMI | PML Daily Staff Writer by JAVIRA SSEBWAMI | PML Daily Staff Writer
March 3, 2021
in BUSINESS
0 0
79
VIEWS
FacebookWhatsAppTwitter
simbatelecom simbatelecom simbatelecom

KAMPALA —In line with their strategic objective of improving customer service delivery particularly through use of technology, Housing Finance Bank has entered a partnership with World Remit to bring convenient money transfer to the Bank’s diaspora segment.

The partnership will add value to both existing and potential diaspora customers by enabling them to send money to their loved ones at a low cost, invest in housing and also make an investment in treasury products like government securities, treasury bills and bonds as well as custodial services.

Commenting on the partnership, Mr. Michael Mugabi, the Managing Director at Housing Finance Bank noted that Housing Finance Bank participates in different diaspora events such as UNAA Convention, UNAA Causes, UK convention, Uganda Community in the Netherlands convention, Dubai convention annually between July and October as a way of extending Bank products to customers.

“As a Bank, we believe in adding value to our diaspora customers (both existing and potential) and our surrounding communities. That is why this partnership is one that we take pride in as we continue to enable home ownership and financial independence. Our customers will be sending money directly to their bank accounts,” he noted.

“Over 50 years now, Housing Finance Bank has continued to provide viable solutions that enable home ownership for all Ugandans and together, we shall leverage on all available platforms to enable home ownership and financial independence. This partnership will solve problems of loss of funds through relatives, High cost of transfer, late mortgage repayments, lack of means to invest in government securities and many others,” Mugabi added.

The United Nations Human Development Report 2016 estimates the number of Ugandans in the diaspora at 2.5 million people but only 30% save back home. As of January 2021, Housing Finance Bank had 2,267 customers enabling them acquire homes and transact seamlessly. This partnership is expected to boost inward remittances as customers will be able to access services on mobile phones, tablets and computers through the World Remit App which is approved in more than 220 countries globally.

Comments

Tags: top

Related Posts

SPORT

Manchester United come from behind to beat Tottenham at a canter with Mason Greenwood scoring and making a goal to leave Spurs six points outside the Champions League places

April 11, 2021
14
UCC Executive Director Eng. Irene Kaggwa (PHOTO/Javira Ssebwami).
NEWS

Telecoms in record 2020 revenue performance, says latest communications market performance report

April 11, 2021
28
President Museveni and Tanzania's President Samia in Kampala (PHOTO/Courtesy).
NEWS

Uganda, Tanzania sign oil pipeline project agreement

April 11, 2021
58
Charles Twine, the spokesperson of Criminal Investigations Directorate (PHOTO/File)
NEWS

Six policemen, four soldiers arrested over sale of ivory

April 11, 2021
62
Gen Caleb Akandwanaho, alias Salim Saleh speaking to the Bishops on Wednesday (PHOTO/Courtesy).
NEWS

Gen Saleh to ERA: Your irregular black supply killing businesses in Northern Uganda

April 11, 2021
93
Equity Group Holdings has a strong track record of designing products suited to the needs of SMEs as well as emerging corporates (PHOTO/Courtesy).
BUSINESS

Equity Group signs USD100 million loan to support SMEs across Eastern and Central Africa

April 11, 2021
69

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2021 PMLDAILY.COM.

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2021 PMLDAILY.COM.

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