#40days40fintechs: Beyonic is at the centre of facilitating a shift to a cashless Uganda


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By Our writer While Uganda started efforts to boost a cashless economy over a decade ago, majority of Ugandans still prefer cash. Available statistics indicate that about 99 percent of the economy is cash-based and only 1 percent is cashless. However, over the years, several Financial Technology Companies (FinTechs) have heavily invested in helping Ugandans shift from a cash to a cashless economy. Among them is Beyonic, one of the leading fintech integrators in Africa that aims to eliminate dependency on cash by helping businesses quickly set up and manage digital payments. The...