PostBank, in partnership with MTN Uganda, has launched a new mobile wallet platform called Wendi, which aims to support the government in the seamless disbursement of Parish Development Model (PDM) funds.
Wendi is an electronic payments platform that enables group savings and funds management, digital money savings, transfers, deposits, and withdrawals, among other services.
The platform is designed to drive financial inclusion within unbanked Ugandan communities, especially in rural areas where 74% of the population lives.
Wendi is available for download from Google Play Store and App Store, and can also be accessed via a *229# USSD code. Wendi offers a wide range of mobile transactions, including paying for utility bills, goods and services, school fees, and more.
Customers can also enjoy the convenience of over 3000 Wendi agents that will be stationed countrywide within the next year.
To support the initiative, PostBank and MTN Uganda have distributed 170 smartphone devices to 170 SACCO representatives in Bukedea. The devices will allow them to facilitate convenient and timely transfers of PDM funds to beneficiaries’ mobile money accounts.
The launch of Wendi was welcomed by the deputy chief administrative officer Bukedea District Representative, Norah Anyakoit, who said that the platform will help people save on transport money and time when receiving their PDM funds and trigger faster economic development within their parishes.
Julius Kakeeto, Managing Director of PostBank, expressed his enthusiasm for the collaboration between PostBank and MTN Uganda, saying that it represents their unwavering commitment to transforming the lives of individuals through innovative financial solutions.
“Wendi is not just a platform; it’s a beacon of hope and a bank for SACCOs set to empower communities, reduce financial burdens, and foster inclusive growth,” he said.
Sylvia Mulinge, CEO of MTN Uganda, reiterated MTN’s commitment to its customers’ growth and contributing towards the economic development of Uganda.
“At MTN, we have been champions of financial inclusion through our mobile money services, and we understand that in Uganda’s development story, no one should be left behind. Our partnership with PostBank on the Wendi mobile wallet is yet another financial inclusion milestone for Ugandans to celebrate,” she said.
Andrew Kabeera, Executive Director and Chief Digital Financial Services Officer of PostBank, also assured customers that Wendi is the future of banking more so in the internet space.
“PostBank is committed to maintaining the highest standards of security and data privacy for its customers. Wendi is built on robust security systems, including encryption and multi-factor authentication to ensure secure transactions and safeguarding of customers’ information,” he said.