Airtel Mobile Commerce Uganda Limited (AMCUL) and the United Nations Capital Development Fund (UNCDF) have announced the launch of an open application programming interface (API) initiative.
An API enables different systems to communicate with one another effectively, easing business processes and service delivery.
In Uganda today, the vast majority of APIs are private and only available to third parties at exorbitant costs.
This will grant innovators easy and secure online access to integrate their businesses with Airtel Money services, making it easier for them to offer payment services to various value chains.
By opening their APIs to third-party innovators, AMCUL will offer services that can enable merchants to transact with their respective customers in a safe, instant, and secure way.
AMCUL Managing Director Japhet Aritho said:
Japhet Aritho, the AMCUL Managing Director, told us that
“In a bid to deliver competent solutions that are customized to our customers needs, we endeavor to partner with a number of entities to ensure digital financial inclusion for all. We thrive on continuous research, innovation, and the introduction of products and services that securely remove barriers. As such, AMCUL has partnered with key players in the digital financial space to empower and connect our low-income customers with access to and utilization of digital services that leverage innovation and technology to promote financial inclusion,”.
This will be achieved through the open API initiative that we have launched yesterday on 24th June, 2023.
He further said that the success of such developments, which accelerate the integration of merchants with Airtel Money across the country, is hinged on impactful strategies as exhibited today.
UNCDF’s partnership with AMCUL is part of its flagship program to drive the growth of inclusive digital economies.
Fostering inclusive innovation to deliver affordable services to low-income communities in Uganda, such as smallholder farmers, women, refugees, youth, and MSMEs, is an integral element of this digital agenda.
Since 2017, UNCDF has been convening the country’s digital financial services industry players to promote lowering the barriers to accessing key APIs and opening the innovation space for new solutions to benefit everyone, particularly underserved customers.
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