• Latest
PostBank Uganda’s Wendi Mobile Wallet Surpasses 1 Million Users

PostBank Uganda’s Wendi Mobile Wallet Surpasses 1 Million Users

4 months ago
Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

3 hours ago
UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

4 hours ago
NCDC Study Recommends 26 Local Languages for Early Primary Instruction

NCDC Study Recommends 26 Local Languages for Early Primary Instruction

4 hours ago
Museveni Endorses Teso Cattle Restocking Plan After Compensation Report

Museveni Endorses Teso Cattle Restocking Plan After Compensation Report

20 hours ago
Heartbreak for Uganda: Chemutai Falls as Cherotich Wins 3000m Steeplechase World Title

Heartbreak for Uganda: Chemutai Falls as Cherotich Wins 3000m Steeplechase World Title

20 hours ago
Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

1 day ago
SoftPower News
Thursday, September 18, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

PostBank Uganda’s Wendi Mobile Wallet Surpasses 1 Million Users

by Our Reporter
May 8, 2025
PostBank Uganda’s Wendi Mobile Wallet Surpasses 1 Million Users
155
VIEWS

PostBank Uganda’s innovative digital wallet, Wendi, has crossed the milestone of over 1 million users since its launch in 2023. Designed to foster financial inclusion and prosperity for Ugandans, Wendi has become a transformative tool in extending affordable financial services to underserved and unbanked communities.

A major contributor to this rapid uptake is Wendi’s savings product, which allows users to save from as little as UGX 20,000 and earn an impressive 10% annual interest. This initiative directly tackles Uganda’s poor saving culture—only 54% of Ugandans save, according to the FinScope Uganda 2018 survey—by offering a practical, rewarding solution amid rising living costs and stagnant incomes.

Related Stories

Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

NCDC Study Recommends 26 Local Languages for Early Primary Instruction

“Wendi not only encourages a savings culture but also ensures that savers witness their money significantly grow over time,” said Brenda Mpoora, Head of Fintech Business at PostBank Uganda. “Beyond personal savings, it simplifies and automates the operations of SACCOs, VSLAs, and Investment Clubs—digitising their management processes.”

The platform supports transparent group fund management by requiring three approvals (Chairperson, Secretary, and Treasurer) before disbursements and enabling members to track funds via their phones. It has also served as a key delivery channel for Parish Development Model (PDM) funds, ensuring secure, traceable, and cost-effective disbursement to last-mile beneficiaries.

To support its growth, PostBank partnered with the Uganda Microfinance Regulatory Authority (UMRA), FITSPA, WENIPS, and CARE International to onboard VSLAs, train SACCOs, and promote financial literacy. These partnerships have helped bridge the financial access gap, where only 6% of Ugandans have bank accounts, but 17% save via mobile phones (National Labour Force Survey, 2021).

The Minister of Finance, Planning and Economic Development praised Wendi for eliminating the need for rural users to travel long distances for banking services, stating:

“Wendi has enhanced transparency and reduced transaction costs for PDM beneficiaries.”

Strategically aligned with MTN and Airtel, Wendi uses the combined reach of over 250,000 mobile money agents, 3,000 PostBank agents, and 60 bank branches to deliver services across Uganda. Users can transfer funds between bank and wallet, receive remittances (e.g., via Western Union), pay for utilities (Umeme, Water, URA, NSSF, Pay TV), school fees, airtime, and more—all without needing a PostBank account.

Accessible via the Wendi App for smartphones and the *USSD code 229# for feature phones, the platform is licensed by the Bank of Uganda under the National Payments Systems Act 2020.

Wendi not only empowers individuals with financial tools to save and invest, especially in key sectors like agriculture, which employs over 60% of Ugandans, but also accelerates the country’s transition toward a cashless, inclusive digital economy.

Tags: Brenda MpooraPostBankSoftPowerSoftPower NewsTop Uganda NewsUgandaWendi Wallet

Recent Stories

Uganda Law Society Extends Tenure of Radical New Bar Council for Six Months

UAE Imposes Temporary Visa Ban on Ugandan Tourists and Workers

NCDC Study Recommends 26 Local Languages for Early Primary Instruction

Museveni Endorses Teso Cattle Restocking Plan After Compensation Report

Heartbreak for Uganda: Chemutai Falls as Cherotich Wins 3000m Steeplechase World Title

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?