Barclays Bank of Uganda Limited has today signed a Memorandum of Understanding with Airtel which seals a deal to provide a mobile bulk payment solution to its corporate customers. The Barclays Mobile bulk payment solution is an innovative mobile transfer solution that makes it possible for a business or organization to make payments to a group of people, at a specific time.
Announcing the official launch of the facility at the Barclays Head office, Mr. JamesKinyany, Acting Managing Director, said the Bank’s corporate customers would be able to pay their employees’ salaries/ wages/ allowances through this system. The solution will also make it easier for Insurance companies to settle claims, Cooperative societies to disburse loans to members, companies to make payment of cash prizes to winners for various consumer promotions and projects to disburse various funds to aid recipients all processed in a secure environment, authorized by the known account signatories through the Barclays online banking platform – Barclays Integrator.
“Creating prosperity for our customers, colleagues and stakeholders is at the heart of our purpose at Barclays and we are extremely happy to deliver an improved and convenient solution to our clients which will ensure that we reach many people using a low-cost service delivery platform,” Mr. Kinyany said
Barclays clients who will sign up for the Mobile Bulk Payments solution will be trained on how to prepare and make payments to each recipient using their mobile phone numbers. Once a payment is made, the recipients will receive an instant SMS notification confirming amount received and sender. The recipient will then able to withdraw funds at the nearest mobile money agent.
Commenting on this bulk payment innovation, Airtel Managing Director, Arindam Chakrabarty said Airtel Uganda was proud to partner with one of the longest standing financial institutions in the country, in the creation of a service that will bring much needed relief to business owners and organisations. He also praised the Telecom Company’s Airtel Money Platform which will enable mobile phone owners on any network to receive their funds through the bulk payment channel. Each development and partnership that involves Airtel Money is ultimately designed to ease the lives of our customers and all Ugandans. We look forward to forging more of these partnerships and ultimately making Airtel Money the number one partner of choice in mobile banking,” Chakrabaty added.