PostBank’s head office
PostBank has disbursed up to Shs1 trillion to Parish Development Model (PDM) beneficiaries through Wendi, a digital wallet developed by PostBank Uganda.
According to George William Kiyingi, the Head of Agent Banking and Fintech Distribution at PostBank, this marks a significant milestone in Uganda’s push for financial inclusion at the grassroots.
He said they received about Shs500 billion in January this year, which money has been disbursed to all the parish SACCO group accounts, and more than 90% has already reached the individual beneficiaries.
“Additionally dispatched another sh500b at the beginning of June and all of that has been dispatched from the bank to beneficiaries around the country,” he said.
He said before the APP developed and operationalised, beneficiaries had to travel long distances—sometimes from Nakapiripirit to Moroto or from Pallisa to Mbale, just to open bank accounts,” he said.
“Wendi has transformed access to financial services in rural Uganda.Currently, all one need is a national ID and a phone, and they are registered in minutes and are able to transact,” he said.
Kiyingi said that they have already onboarded over 1.3 million PDM beneficiaries since 2024, and that the number keeps growing.
“Wendi is fully integrated with the Parish Development Management Information System (PDMIS), the government’s centralized digital platform for managing PDM loan applications and approvals,” he pointed out.
He further noted that before any disbursement happens on Wendi, the system automatically checks with PDMIS to verify whether the loan has been approved.
Said Kiyingi: “If it hasn’t been cleared in PDMIS, the payment fails. This integration ensures transparency, accountability, and prevents disbursement errors.”
The other advantage with Wendi is that ialso ensures financial governance at the SACCO level, where each group account is controlled by three leaders—chairperson, secretary, and treasurer—and any transaction must be unanimously approved. “If even one doesn’t approve, the transaction is rejected.Beyond disbursement, Wendi supports savings and loan repayment.”
PostBank Uganda, which is soon rebranding to Pearl Bank Uganda Limited, is a significant financial institution in Uganda. As of December 2023, it had total assets worth Shs1.071 trillion ($289.62m) and shareholders’ equity of Shs163.8b ($44.3m).
In 2024, the bank reported a record profit after tax of sh35.4b, representing a 28% increase from 2023. The bank also saw a 20% increase in income, with deposits growing by 25% and the loan book expanding by 19%
PostBank’s Wendi hits Sh 1 trillion in Disbursements
PostBank has disbursed up to Shs1 trillion to Parish Development Model (PDM) beneficiaries through Wendi, a digital wallet developed by PostBank Uganda.
According to George William Kiyingi, the Head of Agent Banking and Fintech Distribution at PostBank, this marks a significant milestone in Uganda’s push for financial inclusion at the grassroots.
He said they received about Shs500 billion in January this year, which money has been disbursed to all the parish SACCO group accounts, and more than 90% has already reached the individual beneficiaries.
“Additionally dispatched another sh500b at the beginning of June and all of that has been dispatched from the bank to beneficiaries around the country,” he said.
He said before the APP developed and operationalised, beneficiaries had to travel long distances—sometimes from Nakapiripirit to Moroto or from Pallisa to Mbale, just to open bank accounts,” he said.
“Wendi has transformed access to financial services in rural Uganda.Currently, all one need is a national ID and a phone, and they are registered in minutes and are able to transact,” he said.
Kiyingi said that they have already onboarded over 1.3 million PDM beneficiaries since 2024, and that the number keeps growing.
“Wendi is fully integrated with the Parish Development Management Information System (PDMIS), the government’s centralized digital platform for managing PDM loan applications and approvals,” he pointed out.
He further noted that before any disbursement happens on Wendi, the system automatically checks with PDMIS to verify whether the loan has been approved.
Said Kiyingi: “If it hasn’t been cleared in PDMIS, the payment fails. This integration ensures transparency, accountability, and prevents disbursement errors.”
The other advantage with Wendi is that ialso ensures financial governance at the SACCO level, where each group account is controlled by three leaders—chairperson, secretary, and treasurer—and any transaction must be unanimously approved. “If even one doesn’t approve, the transaction is rejected.Beyond disbursement, Wendi supports savings and loan repayment.”
PostBank Uganda, which is soon rebranding to Pearl Bank Uganda Limited, is a significant financial institution in Uganda. As of December 2023, it had total assets worth Shs1.071 trillion ($289.62m) and shareholders’ equity of Shs163.8b ($44.3m).
In 2024, the bank reported a record profit after tax of sh35.4b, representing a 28% increase from 2023. The bank also saw a 20% increase in income, with deposits growing by 25% and the loan book expanding by 19%
