M-Cash Uganda has received a prestigious Paytech award 2024 for their outstanding contribution to the economic mobility in payment.
The Paytech Award is an important recognition for Mcash Uganda’s commitment for their products such as M-Cash Wallet, which allows Cash in/Cash out and transfer, VAS, which sees Utility Payments, PayTV, PayTax, Airtime, M-Cash, for Bulk Payments, Bulk Collections (API and Merchant Code Channels) and Last Mile Solutions, including Agency banking, E-KYC, Agrilink – E-Commence, E-Voucher, Farmer Traceability and SACCO Management.
“Ours solutions serve farmers, at M-Cash we bring the unbanked to banking services, giving users the opportunity to access formal financial services that were previously unaccessible to them,” Edith Kuteesa, the Executive Director, M-cash said during a press conference at Golden Tulip on Friday.
E-KYC is for farmers, agro-input dealers and trader enrolment and profiling, boosts features like geo-tagging, National ID barcode scanning and offline mode capability.
E-commerce on the other hand, has enabled farmers to purchase seeds, fertilisers, herbicides, pesticides and post- harvest inputs from suppliers and manufacturers through our online platform, by eliminating the need fro physical travel, our E-Commerce platform has reduce transaction costs and improved efficiency of the input supply chain.
“Agency Banking delivers our vision to provide convenient, secure and affordable mobile services to the banked and unbanked population, through leveraging third party service providers (Agents) to extend access, inclusion and reach of financial services to remote areas where brick- and – mortar branches are expensive to operationalise,” she added.
Kuteesa said that the E-Voucher system was developed for farmers’ access to authentic and subsidised farm inputs. The system includes digital supply chain and a payment platform that links farmers directly to afro input dealers and financial institutions.
M-cash also has Value Added Services (VAS) for Utilities such as Umeme, National Water, Airtime, School fees Payment.
“With the above solution oriented systems that is why we are Paytech award winners. We have previously been recognised by AFRICA- KOREA AgTech Innovation Summit in recognition of our outstanding proposal in the Africa-Korea Ag-Tech Challenge 2023, Certificate of Innovation for participating in the disruptive Agricultural technology Innovation Challenged 2019, Honorary Mention in recognition of our outstanding proposal in the Afric-Korea Ag-Tech Challenge in Kenya 2023,” Kuteesa said.
