Orient Bank Uganda Limited last week celebrated 25 years of banking excellence in Uganda by launching a mobile banking application FastPay.
The mobile banking application launched by the Governor Bank of Uganda Emmanuel Tumusiime Mutebile allows convenient account opening from wherever one is with just a mobile phone and a national ID.
Speaking at the celebrations, Mutebile said: “To succeed in today’s competitive environment Banks must harness the power of innovation in providing financial services needed by business and in this regard Orient Bank has actively designed customer focused products and services in order to achieve competitive advantages. I congratulate the bank”.
He said the app will enhance the evolution of e-banking in Uganda and broaden access to financial services.
The FastPay App,in partnership with VISA on mobile, a first in Uganda allows every customer of Orient Bank and other banks to send money to any mobile phone at no cost.
Orient Bank which opened its doors to the public on 15th March 1993 has grown to 23 branches across the country and an array of service channel including cards,ATMs and Point of Sale Machines.
Michael Cook, the chairman of the board of the bank emphasised the need to embrace corporate governance best practices.
He said: “Orient bank as a privately owned commercial bank in Uganda has only stood out and achieved this milestone due to the creation of structures that allow for corporate governance best practice to thrive.”
Ketan Morjaria,Founder and Vice Chairman,Orient Bank spoke about the growth of the bank’s offering since 1993 .
The managing director Orient Bank ,Julius Kakeeto said: “We thank you our customers for the 25 years you have given to Orient Bank in form of your partnership.We look forward to your continued partnership. Our commitment to you is to to serve you quicker and cheaper due to investment in people and technology.”