Friday, May 14We Break the News

Tag: Absa Bank Uganda

BUSINESS: Byarugaba assigned as Absa Uganda’s new board chairperson

BUSINESS: Byarugaba assigned as Absa Uganda’s new board chairperson

TECHNOLOGY, UGANDA
Byarugaba, who has served on the board since January 2016, replaces Swithin Munyantwali who vacated the position following his appointment to the board of Absa Group as Non-Executive Director in September 2019. “I am delighted to confirm Nadine’s appointment as Board Chair of Absa Bank Uganda. Her strategic leadership and seasoned knowledge of the banking sector stands us in good stead as we continue to pursue our ambition and goal to be a leading and trusted African financial services company. I am confident that Nadine’s leadership will strengthen our resolve to deliver continued value to our customers and shareholders” said Peter Matlare, Deputy Group CEO of Absa Group Limited. A seasoned banking professional with experience spanning over 25 years, Byarugaba is also a board membe...
Absa Uganda introduces contactless functionality on Visa debit cards.

Absa Uganda introduces contactless functionality on Visa debit cards.

TECHNOLOGY
Absa Uganda has unveiled the contactless tap functionality on the bank’s vertical Visa debit cards and POS machines. Following the launch of the Absa brand in Uganda in November 2019, the bank introduced the new Absa Vertical Cards with new and enhanced features. One of the key features on the vertical card is the contactless functionality, which gives customers the ability to pay by simply ‘tapping’ the card on a contactless-enabled point of sale (POS) terminal once the card has been enabled. The contactless “tap” solution comes at a time when there is an increased need for the adoption of cashless payment options in the face of growing safety concerns over the Coronavirus pandemic, which can be spread through touching infected objects and surfaces. “The contactless function ...