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Airtel Uganda plans to invest customer savings in treasury bills and bonds

Friday 4 June 2021 | 10:05 CET | News
Airtel Uganda says it could soon start investing customers' savings in government treasury bills and bonds after it received a licence from the Bank of Uganda under the National Payment Systems (NPS) Act of 2020, The Independent reported. Manoj Murali, the Airtel Uganda MD, said the new development means that the telecom company is now a payment bank, which comes with numerous benefits. Murali said the telecom's next step is to appoint a trustee bank to ensure safety and returns to customers' savings.

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Categories: Mobile & Wireless
Companies: Airtel Uganda / MTN Uganda
Countries: Uganda
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