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

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

September 18, 2024

1,300 Candidates Battle for Just 31 Jobs at OAG

August 2, 2025
Motorcycle Dealers Asked to Issue ISO Standard Helmets Per Sale

Seku applauds boda boda leaders for championing Patriotism

August 1, 2025
VINAStech Advert
Dr. Ayo Appointed New World Bank Country Director for Uganda

Dr. Ayo Appointed New World Bank Country Director for Uganda

August 1, 2025
Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

Powering Africa’s Future with Clean Cooking

August 1, 2025
Uganda’s Energy Transition Plan leaves women behind

Op-Ed: How climate change amplifies inequality for women

August 1, 2025
Environmental Experts Push for LPG Financing to Save Forests and Protect Public Health

Why Liquefied Petroleum Gas (LPG) may not address clean cooking challenges

August 1, 2025
Man Fatally Stabbed by Brother Over Coffee

Man Fatally Stabbed by Brother Over Coffee

July 31, 2025
Kibaale Man Killed Over Family Radio Set Sale

Kibaale Man Killed Over Family Radio Set Sale

July 31, 2025
FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

FDC Cancels National Delegates Conference

July 30, 2025
FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

July 30, 2025
FDC Endorses Nandala Mafabi for Presidency

FDC Endorses Nandala Mafabi for Presidency

July 30, 2025
Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

July 30, 2025
  • About Us
  • Internship
  • Contact Us
Saturday, August 2, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

    Powering Africa’s Future with Clean Cooking

    Uganda’s Energy Transition Plan leaves women behind

    Op-Ed: How climate change amplifies inequality for women

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC Cancels National Delegates Conference

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Dr. Ayo Appointed New World Bank Country Director for Uganda

    Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

    Powering Africa’s Future with Clean Cooking

    Uganda’s Energy Transition Plan leaves women behind

    Op-Ed: How climate change amplifies inequality for women

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC Cancels National Delegates Conference

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    FDC’s Nandala Mafabi to Run Unopposed After Amuriat’s Withdrawal

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    Vivo Energy Uganda and Uganda National Oil Company partner to develop LPG storage hub in Kabalega Industrial Park Kampala, Uganda.

    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.

ADVERTISEMENT
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

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

Police Urge Vigilance Amid Ongoing Terror Threats

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

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
News

Kasujja Warns Against Secularism as UMU Trains Chaplains to Tackle Youth Crisis

May 26, 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

Besigye Sends Easter Message from Luzira Prison as Archbishop Kazimba Urges for Release of Political Prisoners

April 18, 2025

EDITOR'S PICK

Legendary Radio Journalist, Eliot Kabangira Magande passes away

February 22, 2024
KCCA To Redeem Old Infrastructure To Decongest City Roads

KCCA To Redeem Old Infrastructure To Decongest City Roads

March 29, 2023

14 confirmed dead in Masaka car accident.

May 6, 2021
UCE 2020: Gov’t to open 94 new secondary schools

UCE 2020: Gov’t to open 94 new secondary schools

July 30, 2021
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

  • 1,300 Candidates Battle for Just 31 Jobs at OAG
  • Seku applauds boda boda leaders for championing Patriotism
  • Dr. Ayo Appointed New World Bank Country Director for Uganda
  • Powering Africa’s Future with Clean Cooking
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