Equity Bank teamed up with FITSPA FinTech companies to build fresh digital banking tools. They shared this news at their morning gathering. Both sides met to talk about how working together helps customers, fixes problems, and brings banking to more people across Uganda. Leaders from banks and tech firms discussed ways their teamwork can change how services reach everyday users.
The Equity Bank leader, Gift Shoko, pointed out that tech changes everything about money moves and business deals. These advances reshape how banks work and what customers expect when they bank. Shoko mentioned that Equity learned that future banking success depends on teaming up with tech firms. Banks must share systems to make banking better for everyone.
Shoko also said banking has completely changed focus. Success comes from creating the best connected systems, making payments super easy, and really knowing what customers want as their needs change. Michael Kazoora from Xanu Technologies already created something new called the Omni student card. This card makes school pocket money digital. Students use wristbands or cards at their school canteen instead of cash.
FITSPA Board Vice-Chair Doreen Lukambwa stressed that digital money needs everyone working as a team. She said it requires strategy, energy, shared goals, and honest talks about real teamwork. FITSPA wants to build a space where Uganda's digital money services can grow. They push for partnerships to create a fair tech landscape where everyone has a chance to succeed.
Lukambwa explained that they can build products together that solve big problems. These include making rules clearer, connecting different systems, finding money for growth, and reaching people without banking across the country. Johnson Galabuzi from Equity Personal Banking said they help tech firms in two ways. They work directly with the tech companies and also support everyone connected to them.
Galabuzi talked about special money products, starting with overdrafts. These let businesses spend more than what sits in their accounts without needing collateral. He also described float financing that works through digital channels. Equity Bank prides itself on mastering digital money. They promise fast funds when businesses need cash because timing matters for success.
These teamwork efforts put Equity Bank at the forefront of Uganda's digital money revolution. By incorporating tech innovations into regular banking, they plan to improve customer service, include more people in the financial system, and help the economy grow stronger.
The Equity Bank leader, Gift Shoko, pointed out that tech changes everything about money moves and business deals. These advances reshape how banks work and what customers expect when they bank. Shoko mentioned that Equity learned that future banking success depends on teaming up with tech firms. Banks must share systems to make banking better for everyone.
Shoko also said banking has completely changed focus. Success comes from creating the best connected systems, making payments super easy, and really knowing what customers want as their needs change. Michael Kazoora from Xanu Technologies already created something new called the Omni student card. This card makes school pocket money digital. Students use wristbands or cards at their school canteen instead of cash.
FITSPA Board Vice-Chair Doreen Lukambwa stressed that digital money needs everyone working as a team. She said it requires strategy, energy, shared goals, and honest talks about real teamwork. FITSPA wants to build a space where Uganda's digital money services can grow. They push for partnerships to create a fair tech landscape where everyone has a chance to succeed.
Lukambwa explained that they can build products together that solve big problems. These include making rules clearer, connecting different systems, finding money for growth, and reaching people without banking across the country. Johnson Galabuzi from Equity Personal Banking said they help tech firms in two ways. They work directly with the tech companies and also support everyone connected to them.
Galabuzi talked about special money products, starting with overdrafts. These let businesses spend more than what sits in their accounts without needing collateral. He also described float financing that works through digital channels. Equity Bank prides itself on mastering digital money. They promise fast funds when businesses need cash because timing matters for success.
These teamwork efforts put Equity Bank at the forefront of Uganda's digital money revolution. By incorporating tech innovations into regular banking, they plan to improve customer service, include more people in the financial system, and help the economy grow stronger.
