The Know It Guy

Uganda: Open Software to Cut Transactional Costs

Kampala — Digital financial service providers need telecommunication agencies and banks to open up their software such that they could transact on their platforms.Team Kgsr

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The software program – Application Programming Interface (APIs) – lets in software programs to talk to one another to permit the transport of a given carrier.

Mr. Richard Ndahiro, the United Nations Capital Development Fund (UNCDF) digital finance expert, whilst addressing reporters during an API workshop at Sheraton on Tuesday, stated APIs join 0.33 events – builders and economic services to installing price structures allowing delivery of innovative services that deal with wishes of clients.

This way that the prices of transactions including paying application payments will lessen as a result of bypassing aggregators who have been selling the APIs to virtual provider carriers at a fee.


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Mr. Vincent Mwende, a coffee farmer in Kapchorwa, become introduced to PAYG sun as a part of the UNCDF works in digitizing agro-value chains.

He changed into able to buy solar lighting fixtures in his home because he could pay for the sun in installments additional time, making it low-priced to gather the home sun gadget. Delivering such a carrier is made feasible by using integrating the offerings of a solar corporation and a telecom organization using mobile cash. The integration is technically enabled with the aid of APIs.

Mr. Ron Web, the direct economic services Safaricom Limited, said starting up the APIs in Kenya has allowed many different developers to effortlessly use Safaricom as a price enabler, allowing their clients to without difficulty use and pay for their services at minimum costs.

In Uganda these days, many provider companies together with pay TV service carriers and Umeme have needed to integrate the cell money charge platform into their offerings. But for his or her clients to pay the usage of cell money, these utility provider carriers have had to go through a third celebration aggregator who buys the API from the telecom and later sells it to them at a rate as a result charging a transactional charge to permit the fee.

Mr. Ndahiro explained that when you pay to your Umeme, the additional Shs1,000 which you are usually charged is a service fee which goes to the 0.33 celebration aggregator for facilitating the transaction.

With the Open APIs, he explains that this can permit the provider carriers to immediately get right of entry to the API from the telecom companies; thereby disposing of a third birthday party and in the end lowering the costs of the transaction.

“By decreasing the limitations to access key APIs, PSPs open up the innovation area for external developer skills to suggest new solutions to the marketplace. The advantages of this are tremendous for stakeholder answers, extra utilization, and revenue,” he said.

Whereas the concept of Open APIs has been round for a while in East Africa, in Uganda it remains quite a new idea and commercial enterprise model for enterprise players.

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Jessica J. Underwood

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