#Digital Payments

1 article tagged with #Digital Payments

Bank of Uganda Caps Over-the-Counter Cash WithdrawalsNational

Bank of Uganda Caps Over-the-Counter Cash Withdrawals

The Bank of Uganda has introduced strict over-the-counter cash withdrawal limits effective January 1, 2027. Under the new digital payment strategy, individuals are capped at UGX 50 million daily, while corporate accounts face a UGX 250 million daily limit to encourage electronic banking.

Andrew Matege