Sunday, March 3News That Matters

PostBank and MTN Uganda partner to digitize PDM payments with the launch of the “Wendi” digital wallet.

Bukedea, Uganda – PostBank, in partnership with MTN Uganda, has today announced the launch
of “Wendi,” an innovative mobile wallet platform designed to support the government in the
seamless disbursement of PDM (Parish Development Model) funds.
Wendi is an electronic payments platform powered by PostBank that strategically pivots on group
savings and funds management, digital money savings, transfers, deposits, and withdrawals, to
drive financial inclusion within unbanked Ugandan communities.
53% of the Ugandan population is using mobile money services while only 10% of our population
are banked. As a bank that has financial inclusion at the core of its operational goals, investing in a
mobile wallet solution helps PostBank to bridge the gap between banked and unbanked
Ugandans. And because close to 74% of Ugandans live in rural areas, Wendi gives them access to
financial resources they need to be part of the Ugandan government’s development goals.
Accessible for download from Google Play Store and onboarding via a *229# USSD code, Wendi
offers a wide range of mobile transactions, including paying for utility bills such as Umeme, URA,
NWSC, TV subscriptions, school fees, and lots more, paying for goods & services, B2W and W2B.
Customers will also enjoy extra ordinary accessibility courtesy 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 5G network-enabled smartphones will allow SACCO
representatives to facilitate convenient and timely transfers of PDM funds to beneficiaries’ mobile
money accounts. We also intend to provide all SACCOs with accounts in PostBank with gadgets.
“The launch of Wendi is indeed a timely intervention for our people. We expect people to save on
transport money and time when receiving their PDM funds and ultimately, the ease of access to
these funds should trigger faster economic development within our parishes,” said the deputy
chief administrative officer Bukedea District Representative, Norah Anyakoit.
Julius Kakeeto, Managing Director of PostBank shared his enthusiasm for the collaboration
between PostBank and MTN Uganda as it’s a testament to the Bank’s steady digital
transformation journey. “This collaboration represents our 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 spoke.
“With Wendi, convenience meets affordability, security, and financial inclusion to make a
meaningful difference in people’s lives,” Julius added.
Speaking at the launch, MTN CEO, Sylvia Mulinge 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.
PostBank’s Executive Director and Chief Digital Financial Services Officer, Andrew Kabeera, 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,” Kabeera remarked.

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