Skip to main content
#
www.ugandaonline.net
rss feedour twitterour facebook page pintrest instagram
Sponsored

Ads

Wednesday, November 18 2009
Most Ministries and Government projects are connected to the internet while some are not, but with Bank of Uganda automating its banking process after the launch of the Oracle Flexcube banking software, it will not be easy to pay for as long you are not connected to the internet.
 
The launch of the software at Imperial Royale Hotel on 18.Nov.2009 had over 200 participants from Ministries, Projects and other government stake holders. The move is aimed at reducing fraud as much as possible.
 
By mid next year, all transactions with Bank of Uganda will be cleared through internet banking or online banking. This will quietly phase out the cheque system which most developed economies have long stopped using.
 
Cheques are still in use but with a sealing of up to 20Mn. This is the case for commercial banks as well. A cheque with a figure above 20 million will not be honoured.  Internet banking will ease operations for all those involved in terms of service delivery, feedback on the status of the transactions, timely reconciliations and best of all the convenience that comes with working within you environs.
 
This comes at the time when the country is getting better connectivity courtesy of the underground fibre cables which are designed to give fast internet at a supposedly cheap rate.
Posted by: uowd AT 05:45 pm   |  Permalink   |  Email

Diamond Platnumz finds love in Kim Nana

Kim Nana and Diamond Platnumz making a bold statement

Wema Sepetu banned from acting following her leaked clip with new lover

Wema Sepetu's last pic on Instagram and inset is the banned actress issuing her apology

Sponsored

 Entertainment Photos

Ads

Top Stories 
Wednesday, 21 November 2018
Uganda to start issuing the EAC electronic passport in January 2019
Wednesday, 07 November 2018
Tulambule Ne Zari 4-day-tour of Western Uganda with the Minister of Tourism
Tuesday, 30 October 2018
Sheebah Karungi is the proud owner of this orange SUV
Thursday, 20 September 2018
After a few weeks in the USA, Bobi Wine has returned to th country to serve his constituents
Monday, 17 September 2018
Chameleone is teaching Daniella a few games

Ads

Ads
Ads
Sponsored
Site Mailing List 
Uganda Entertainment News

Uganda Online Email    Copyright © 2018 UgandaOnline.Net- All rights reserved.

Privacy PolicyDisclaimer