NCBA Bank has launched an innovative payment solution called Muzuri Pay, designed to enhance financial transactions using the mobile phone
Mark Muyobo, the CEO of NCBA Bank, expressed that this new digital collection and seamless payment system will simplify financial transactions, enabling users to conveniently pay for utilities, school fees, and access their finances with ease through their mobile devices.
Previously, customers had to physically visit the bank and wait in line to access their accounts. However, with Muzuri Pay, this inconvenience is eliminated.
Users can now access the Muzuri Pay platform directly on their phones, allowing them to withdraw or deposit money into their accounts without the need for in-person visits.
Muyobo emphasized that this development aligns with the bank's commitment to meeting evolving customer needs and keeping up with technological advancements in today's fast-paced world, where time is of the essence.
Muyobo further stated, "We have revolutionized the way customers manage collections and payments. Our comprehensive suite of digital tools and services empowers both businesses and individuals, providing an efficient way to track, receive, and make payments at their fingertips."
The user-friendly mobile application and web portal enable customers to effortlessly manage their financial transactions from anywhere in the world, at any time.
This accessibility empowers customers to make informed decisions and maintain greater control over their financial affairs.
Security is a top priority for the new Muzuri Pay solution, and NCBA Bank has implemented stringent measures to safeguard customer information. The platform incorporates intelligent automation and artificial intelligence algorithms, streamlining and optimizing collection and payment processes.
NCBA Bank takes pride in its groundbreaking Mo Cash solution, developed in collaboration with MTN Uganda. Mo Cash has connected previously unbanked individuals to mobile loans, with NCBA Bank providing the funds behind these loans.
“So if you have borrowed on MTN we are the people who are behind providing the money that you borrow on that platform “he stated.
Muyobo revealed that this partnership has granted almost ten million customers the ability to borrow money directly on their phones, with over one trillion shillings already disbursed through this platform.
