DTB Uganda cuts transaction charges as it launches the Digital Revolution campaign

DTB Uganda has launched the digital revolution campaign where customers will enjoy reduced transaction charges on funds transfers and payments. The move is in line with the Bank’s financial inclusion drive through Digitization at affordable rates.

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Diamond Trust Bank Uganda (DTB) has today launched the digital revolution campaign where customers will enjoy reduced transaction charges on payments and funds transfers.

The digital revolution campaign seeks to increase financial inclusion while limiting physical contacts of customers at bank premises and exchange of cash. This is in line with the country and global fight against the spread of COVID-19 infections.

Speaking at the launch of the campaign at the Bank headquarters in Kampala, DTB Managing Director, Mr Varghese Thambi said that the digital revolution is a culmination of the bank’s intensified innovation with the aim of boosting financial inclusion through the offer of affordable banking services.

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Credit: Mr. Varghese Thambi

“Cognizant of the current economically challenging times, as DTB, we understand the customer’s need to reduce costs, make a saving and re-invest it. That is why we have rolled out the Digital Revolution campaign to meet our customer’s needs,” he noted.

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Under the digital revolution campaign, DTB is offering its customer the DTB Digital Savings account. The account offers customer digital connectivity through DTB m24/7 Mobile banking that enables timeless and borderless secure banking. The customer can easily make deposits, withdrawals, payments, purchases transfer funds, and control their Bank account on the go.

The DTB Digital Revolution enables the customer to reduce the charges by over 90%. For instance, a customer making 6 transactions on existing money transfers, payment platforms and solutions has been spending Ushs. 120,000/= (One hundred twenty thousand shillings). With the DTB Digital revolution, the customer will perform 6 transactions in real-time and only pay Ushs. 3,000/= (Three thousand shillings). The beneficiary incurs zero banking cost.

Mr Thambi noted that the unique campaign is envisaged to increase financial inclusion by attracting the unbanked population into formal financial services.

He also highlighted that the Bank seeks to support businesses using online money transfer services to incur reduced transaction costs.

“Businesses have been affected negatively by COVID 19 and its adverse effect. We are aiming at revitalizing these businesses. Reduction of operational costs is one of the ways in which we shall achieve this for our business partners,” he said.

The public can benefit from the digital revelation by visiting any DTB Branch across the country or reach the bank on WhatsApp on +256 786242242, Toll-free line 0800 242242 or email [email protected].

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