Post Bank Goes Smart With New Cardless ATMs
- Written by Earthfinds
- Published in Finance
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By Michael Kanaabi Dollar
In a bid to offer more convenient and up to date services to costumers, state owned Bank Post Bank Uganda Limited has introduced smart ATMs that can be used with or without ATM cards as it’s latest innovation.
Some of the value added services customers can take advantage of with these new Smart ATMs include larger deposits of up to 30 million Ugx and cheaper money transfer services across the country.
According to Post Bank Uganda's CEO Julius Kakeeto, the introduction of these Smart ATMs is part of the bank’s medium term strategy to move from the mainly brick and mortar banking to integrate more digital channels into the services they offer their customers.
“ Our newly introduced Smart ATMs will offer greater convenience, save time and cut transaction costs for our customers too as they will be able to bank up to 30 million Ugx through our smart ATMs some thing the old machines didn’t have which will offer convenience mainly for SMEs that close business late and need to bank their cash for safe custody.”
Getting rid of the long queues in the bank something we have also been working tirelessly towards since we embarked on this digitisation strategy in 2020. This drive has been boosted with these new full self service Smart ATMs which will ensure more types of transactions and larger transactions sizes can be done at any of our 60 Smart ATMs across the country.
Besides being able to transact using these machines with just your fingers and no need for an ATM card, Customers need not to worry about fraud and crime with in these new smart ATMs and other digital applications of the bank according to Andrew Kabeera the Bank’s Executive Director.
“We have ensured that as management, the bank staff have the type of skills with in our Human resources and the necessary technology too to make sure our customers transactions are safe and fraud can be averted quickly by investing over $4 million dollars in advanced systems to guarantee this” he said.
Presiding over the function as the Chief Guest, State Minister for Finance Honorable Henry Musasizi applauded Post Bank for this new innovation.
“ As government we are looking at mainly two things to uplift our people from poverty. The first one is integrating every one into the monetized economy and secondly ensuring cheap and affordable capital reaches our low income citizens scattered across the country all of which these new Smart ATMs and Post Bank’s digitisation drive will support.”
As a result we commend post bank for this great innovation and pledge to work with it to ensure the success of our programs as government going forward especially the Parish Development model we are now rolling out country wide he added.
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