KAMPALA (CU)_Amid the COVID-19 pandemic, consumers across the globe have been abandoning cash almost entirely, largely relying on contactless and digital payment methods after years of reluctance. With digital innovation and closure of bank branches encouraging shoppers to increase reliance on payment cards and ‘tap and go’ transactions, fewer and fewer adults are using printed or minted currency any more.
Against this backdrop, a commercial banking company in Uganda has introduced the country’s first ever cardless withdraw function at its ATMs across the country. With the new feature that was launched last week, customers of Absa Bank Uganda can now use…
