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Published 16 days ago

BoU’s ID verification for transactions over $260 draws mixed reactions

Summary by examiner.co.ug

Summary: The Bank of Uganda’s directive requiring ID verification for digital transactions over $260 has sparked mixed reactions. Critics fear challenges for those without IDs, while supporters see it as a measure against fraud. Uganda plans mass enrollment for new biometric ID cards from June. The Bank of Uganda (BoU) recently issued a directive requiring …

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BoU’s ID verification for transactions over $260 draws mixed reactions

Summary: The Bank of Uganda’s directive requiring ID verification for digital transactions over $260 has sparked mixed reactions. Critics fear challenges for those without IDs, while supporters see it as a measure against fraud. Uganda plans mass enrollment for new biometric ID cards from June. The Bank of Uganda (BoU) recently issued a directive requiring …

16 days ago·Uganda

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