In addition to the financial and reputational impact of fraud on merchants and issuers, there are also the costs associated with high levels of false declines.
Business
Posted inBusiness / Lira News
Fuel prices, constant power outages in Lira annoy business operators
Joseph Omara, a welder who relies on power to operate his workshop, said he is having difficulties completing his clients’ orders due to unstable power in the region.
Posted inInnovation / News
AI transforms CX and service delivery
The 1Stream team’s technical experience and CX understanding have seen their solutions transform organisations across diverse industries
Posted inBusiness / Regional
Africa: Newly launched SanlamAllianz to provide insurance and financial services in 27 markets
The Allianz Group is one of the world’s leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries.
Posted inBusiness / Tech News
Collaborative conversational AI: empowering businesses for the future with MoData
The AI component handles routine inquiries, provides instant responses and assists with basic tasks, while human agents step in for more complex queries, ensuring a personalised and empathetic touch.
Posted inNews
NARO told to account for shs1.3 billion surplus expenditure
Denis Owor, NARO’s Internal Auditor highlighted that errors were made during the reconciliation of the figures.
Posted inNews
List: 186,000 companies deregistered over non-compliance
URSB says it will continue to check its records for non compliant companies and take actions on them.
Posted inBanking
enza group and Wema Bank join forces to boost e-commerce payment acceptance
In a region where digital payment technologies are rapidly evolving, this partnership provides both enza and Wema Bank a platform to redefine the ecommerce payment landscape.
Posted inNews
Museveni stings World Bank, says talks continue over funding
World Bank has communicated its decision to stop further funding to Uganda over the enactment of the Ant-gay Law.
Posted inBanking
DRUID forms strategic alliance with MoData: Pioneering AI-powered customer engagement
DRUID actively builds on its vision to provide each employee with an intelligent virtual assistant, establishing an extensive 160+ partner network and servicing 200+ clients worldwide.
Posted inAgriculture / News
Northern Uganda: musician turn to poultry farming to supplement earning
After starting the venture with 200 birds, seven months later, musician Ezzy says he has over 2,000 birds at his farm in Koro.
Posted inGulu / News
Gulu City: URA launches ‘mpa e-receipt yange’ campaign as taxpayers win prizes
The “mpa e-receipt Yange’ is currently running under the Electronic Fiscal Receipting and Invoicing solution (EFRIS), an initiative of URA.