What keeps us going everyday at Interswitch Group is a relentless quest to see an Africa where payments become a seamless part of everyday life for everyone, regardless of demographic. This is why we continue to push boundaries in creating a range of payment solutions that are quick, safe and easy to use, for anyone from the big bank uptown to the neighbourhood barber shop.
In July, the Verve Payment scheme launched a twofold payment solution at EBO Sacco in Mbarara City in Western Uganda. This innovation will digitize the process of accessing financial services for EBO SACCO members by allowing them to transact at Quickteller agent locations and to access their funds at over 630 Interswitch enabled ATMs across the country.
EBO Sacco is a Savings and Credit Cooperative which ranks among the biggest Saccos in the Western region and has been named among the top 5 SACCOs in the country. It boasts of a customer base of over 80,000 clients across five branches.
The new development drives convenience for Sacco members, offering them the advantage of proximity to financial services. Typically, the brick-and-mortar format of accessing financial services required Sacco members to travel to a Sacco branch to transact. Interswitch has however simplified the process by enabling Quickteller agent locations to become additional touch points. Established shops, Dduukas, and mobile money outlets, which operate using the Quickteller platform have also been converted into touch points for the EBO Sacco customer.
As a technology company, Interswitch is on a mission to create technology solutions that connect and empower individuals, businesses, and communities. The EBO Sacco Verve card will also allow EBO Sacco customers to access funds from over 600 ATMs across the country.
Our commitment to driving inclusion in East Africa with optimum agility is at the heart of what we do, as this new chapter unfolds, we continue to aim to inspire Africa to greatness.