• Latest
DigitoKaboxi: Equity Bank’s Latest Move to Champion Financial Inclusion

DigitoKaboxi: Equity Bank’s Latest Move to Champion Financial Inclusion

September 18, 2024

Vivo Energy Uganda, UNOC partner to develop LPG storage hub in Kabalega Industrial Park

August 22, 2025
KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

August 22, 2025
VINAStech Advert

Sheema District Communications Officer’s Son Dies in Kajjansi Road Crash

August 22, 2025

Rubirizi Grapples With Alarming Increase in Suicide Cases

August 22, 2025
Rubirizi Grapples With Alarming Increase in Suicide Cases

Police Investigate Alleged Aggravated Defilement of 4-Year-Old Girl

August 22, 2025
Captain Mike Mukula Gains Momentum in NRM Vice Chair Race, Touts Experience and Development Record

Captain Mike Mukula Gains Momentum in NRM Vice Chair Race, Touts Experience and Development Record

August 21, 2025
Empowering Women Through Skills: AMDA Launches Soap and Vaseline Training Ahead of Annual Caravan

Empowering Women Through Skills: AMDA Launches Soap and Vaseline Training Ahead of Annual Caravan

August 21, 2025

Uganda Signs Migrant Transfer Deal with US Amid Rights Concerns

August 21, 2025
Lightning Kills Two Pupils in Sheema District

Five Killed by Lightning in Ntungamo

August 21, 2025

UPC Turns to Members to Secure Akena’s Presidential Nomination

August 20, 2025
Uganda Secures €270 Million Loan from Afreximbank Loan for Major Infrastructure Dev’t 

Uganda Secures €270 Million Loan from Afreximbank Loan for Major Infrastructure Dev’t 

August 20, 2025
ERA, UEDCL Address Power Shutdowns and Tariff Myths Amid Public Concerns

ERA, UEDCL Address Power Shutdowns and Tariff Myths Amid Public Concerns

August 20, 2025
  • About Us
  • Internship
  • Contact Us
Friday, August 22, 2025
Parrots Media
No Result
View All Result
  • Login
  • News

    Vivo Energy Uganda, UNOC partner to develop LPG storage hub in Kabalega Industrial Park

    KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

    KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

    Sheema District Communications Officer’s Son Dies in Kajjansi Road Crash

    Rubirizi Grapples With Alarming Increase in Suicide Cases

    Police Investigate Alleged Aggravated Defilement of 4-Year-Old Girl

    Workplace desperation fueling unsafe conditions, says ministry

    Workplace desperation fueling unsafe conditions, says ministry

    CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News

    Vivo Energy Uganda, UNOC partner to develop LPG storage hub in Kabalega Industrial Park

    KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

    KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod

    Sheema District Communications Officer’s Son Dies in Kajjansi Road Crash

    Rubirizi Grapples With Alarming Increase in Suicide Cases

    Police Investigate Alleged Aggravated Defilement of 4-Year-Old Girl

    Workplace desperation fueling unsafe conditions, says ministry

    Workplace desperation fueling unsafe conditions, says ministry

    CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home Human Genomics BUSINESS REPORTS

DigitoKaboxi: Equity Bank’s Latest Move to Champion Financial Inclusion

Equity Bank Launches Digital Savings Products to Enable Customers Meet Their Financial Goals

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
September 18, 2024
in RELIGION
0
DigitoKaboxi: Equity Bank’s Latest Move to Champion Financial Inclusion
0
SHARES
2
VIEWS
Share on FacebookShare on X

By Leonard Kamugisha Akida,

KAMPALA

Equity Bank has on Tuesday (September 17) unveiled a range of new digital savings products designed to help customers save seamlessly, grow their money and reach their financial goals with greater ease.

Accessible through the bank’s Mobile App and online platforms, the offerings include Classic Savings, Call Deposit, Goal Savings and Fixed Deposit Savings, giving both current customers and future clients more convenient ways to manage and save money.

KIU Ad flyer

The new digital savings products were introduced with a disruptive campaign dubbed ‘Kaboxi,’ which illustrated the traditional ways in which a vast population saves their money in a physical wooden savings box, also commonly known as a piggy bank. The campaign also highlighted the vulnerabilities of these traditional saving methods to theft and physical damage.

Despite the rapid adoption of mobile and digital channels of financial transactions in the region, the 2023 FinScope Uganda survey, 60% of Ugandans are saving with a significant portion of the population relying on informal means. A notable method is keeping cash at home, with nearly 44% of Ugandans using this approach for long-term savings, a considerable increase from previous years.

Speaking at the virtual unveiling of the products to the public on Monday, Equity Bank’s Managing Director Anthony Kituuka, said the new Digital Savings Account promises to offer customers easy and comprehensive ways of savings that support their financial needs and cash management.

“Digital Savings Account is a forward-thinking solution that enables customers to save short-term or long-term depending on their goals or needs. As a bank committed to championing digital transformation, we are dedicated to introducing innovative digital banking products that not only simplify financial transactions but also empower our customers to achieve their financial goals,” said Anthony Kituuka, Managing Director Equity Bank Uganda.

https://parrotsug.com/wp-content/uploads/2024/09/Mp3-Editor_240918040630.mp3

To start digital savings, a customer logs into his or her existing account, clicks on the saving icon and picks the savings options of either Goal, Call, Classic or Fixed Deposit savings. Equity customers will not only earn competitive interest on their savings but also the digital savings account bears no charges.

The Goal digital savings account allows a customer to easily save any amount towards short-term or long-term goals and earns daily interest on their savings while the Fixed Deposit account allows for long-term savings while earning competitive interest on the funds in the account.

READ ALSO

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

The Call Savings account allows short-term daily digital savings that pay interest starting from a shorter minimum time and allow for partial withdrawal whenever the customer needs the money.

Equity Bank’s Senior Manager Client Solutions and Business Integration Nelson Bamwiine said the latest innovative solution unveiled by the Bank is in line with the Bank’s mission to champion financial inclusion through offering integrated financial solutions that socially and economically empower its customers.

“Our past innovative solutions such as Equity Online, EazzyBiz and Eazzy Stock offer customers easy and comprehensive banking experiences that support their financial needs; cash management, liquidity management, bill payments and cashless transaction settlements; making banking easy. In addition, the new product comes with features designed for convenience, security and flexibility,” Bamwine said.

Official Launch Video: https://youtu.be/x2Ii737C7xI

Tags: #DigitoKaboxiAnthony KituukaCanary MugumeEquity Bank Digital Savings ProductsEquity Bank Disruptive CampaignEquity Bank MDEquity Bank UgandaEquity Mobile AppEzzy BankingSeamless Money Growth

Related Posts

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy
RELIGION

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy

August 6, 2025
Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone
News

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

July 16, 2025
Police Urge Vigilance Amid Ongoing Terror Threats
RELIGION

Police Urge Vigilance Amid Ongoing Terror Threats

June 6, 2025
Journalists blocked from Martyrs Day Venue
RELIGION

Journalists blocked from Martyrs Day Venue

June 3, 2025
News

Malawian, Tanzanian Students Jet In for Uganda Martyrs Essay Awards

June 2, 2025
RELIGION

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

May 28, 2025
Next Post

Kadaga Alleges Assassination Plots by Senior Gov't Official

POPULAR NEWS

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

A Love Beyond Distance: A review of Leonard Kamugisha Akida’s poetic tribute on valentine’s day

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

Ex-Bank of Africa Staff Accused of Massive Fraud, Forged Loans and Stolen Billions

March 10, 2025
Parliament Approves Abolition of CDO, DDA, and NAADS in Government Rationalization Plan

Parliament Approves Abolition of CDO, DDA, and NAADS in Government Rationalization Plan

October 24, 2024

Two killed in Kisoro landslide

December 6, 2023

EC faces backlash over lack of awareness for youth elections

January 20, 2025
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • OBITUARY
  • Obituary
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • Vivo Energy Uganda, UNOC partner to develop LPG storage hub in Kabalega Industrial Park
  • KCCA halts Ham’s Nakivubo redevelopment works despite Museveni’s nod
  • Sheema District Communications Officer’s Son Dies in Kajjansi Road Crash
  • Rubirizi Grapples With Alarming Increase in Suicide Cases
August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page