• Banking
  • Digital Banking
  • Technology

Banking Beyond The Banking Hall: A Review Of Digital Banking In Uganda

Article by Nasser Konde


Technology advancement has greatly revolutionized the banking industry in Uganda. This has seen the adoption of digital banking by all financial institutions in the country in order to serve their customers better and to remain relevant in the sector. The COVID-19 pandemic saw a complete shift in the way financial institutions in Uganda offered banking services to customers with many merging and closing down the various bank branches across the country and concentrating their efforts on digital banking. This paper aims at providing an insight on the nature of digital banking, the legal principles that govern digital banking, the legal regime governing digital banking, the risks involved and how to mitigate them.

Related Articles

Analysis Of The High Court Decision In The Case Of Ham Enterprises Ltd & Anor V. Diamond Trust Bank (k) Ltd & Anor: Conflict Of Laws And The Ralli Principle Of Foreign Illegality

Kabazzi Maurice Lwanga

This comment explores the missed opportunity by the High Court decision in the case of Ham Enterprises & Anor V. Diamond Trust Bank (K) Ltd & Anor to raise the issue of conflict of laws. Particularly, focus is placed on the opportunity to determine the proper law governing the loan contract between a Ugandan company and a foreign bank, which contract had a ‘foreign element.’ The author also discusses the Ralli principle of foreign illegality, with a view of undoing the legacy of rigidly applying national (local) law to transactions with ‘a foreign element.’ This comment is a response to the High Court decision in Ham Enterprises case to start the discourse on Ugandan courts’ application of private international law.

The Justiciability Of The Argument For The Recognition Of Freedom To Transact At The Emergence Of Blockchain Technologies In Uganda And World Wide

George Okitoi

The paper discusses the need for recognition for freedom to transact due to the emergence of block chain technologies. It looks at the existing legal framework on block chain and the fact that it has the potential to revolutionize a wide range of industries by enabling secure, transparent and efficient record-keeping and communication. As a result, many countries have recognized the importance of blockchain and have begun to legislate and regulate various aspects of its use. He asserts that freedom to transact is justiciable to the extent that individuals can seek legal remedies if their freedom to transact is violated or infringed upon. The author argues for a need to develop specific legislation on block chain technologies as well as the adoption of guidelines to ensure that these technologies are used in a way that respects the freedom to transact and promotes human rights.