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A quick guide to using the Absa NovoFX app

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David Wandera (R), Absa Uganda Head of Global Markets demonstrates to a customer how to use the NovoFX mobile application

By Our Reporter 

Transferring cash or making payments across borders is often a lengthy, tedious and costly process. Absa Bank Uganda, however, wants to change that with their new digital solution — the NovoFX app.

Launched in Uganda recently, the NovoFX app is aimed at easing international payments as customers can initiate cross-border payments through their mobile phones at their comfort and convenience.

To get started, download and install the NovoFX app via the Apple Store or Google Play. The app is only 35MB in size and should be compatible with most smartphones.

Once the customer has the app on their mobile phone, tap to open it. When it loads (takes a few seconds), the user will be asked to select their country in a dropdown menu before they can proceed.

Next, they will have to enter their Absa internet banking username and password to log in.

A one-time pin will be sent to the registered cell phone number associated with the bank account, which will then be entered to complete the process.

Once logged in, you are ready to transact. You can send money abroad by choosing from a range of currencies to make payments to friends, family or a company abroad. You can send money in over 11 currencies including Uganda Shillings, Kenya Shillings, US Dollars, British Pounds, Euros, Swiss Francs, Japanese Yen and more.

All this is done through a very responsive and easy to use interface.

The app offers live exchange rates for every transaction, allowing users to choose the best rates.

If required, users will be prompted to upload the relevant documents during the transaction flow. These can be uploaded from the mobile device storage or the cloud.

The app also allows customers to choose who will pay transactional fees and taxes. This way, the sender can choose to pay all the fees, share the fees with the beneficiaries or let the beneficiary pay all the fees.

Currently, the user needs to have a personal account with Absa Bank Uganda and also be registered for Internet Banking because these are the credentials required to sign-in to the NovoFX app. On the other hand, the beneficiary doesn’t need to have the app to receive the money but must possess a bank account where the funds are received.

However, customers without a personal account with Absa bank can still access the exchange rates on the app using the dropdown side menu. Here, users can also get a brief overview of the app, contact options and a feedback form among others.

With the app, users can send money from their local country to any country across the globe except those on the sanctions list like Iran and North Korea. You can transact up to UGX 100 million or its equivalent daily, however, every transaction is limited to Ugx 50 million or it’s equivalent.

The beneficiary will receive the funds within the same day if the transaction is made during working hours, otherwise, it may take longer.

The NovoFX app is designed for business people dealing in imports, guardians with beneficiaries abroad as well as individuals shopping from abroad.



Source – bigeye.ug

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Lifestyle

I fell for Kabako because of his energy

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Kabako’s wife Jazirah Namuddu Ddumuna publicly revealed that she fell for Team No Sleep singer Yusuf Ssenabulya alias Kabako because of his energy the first time they met at Dejavu bar and Lounge in Kansanga.

She narrated that when she saw Kabako pull off energetic performances on stage, she immediately began to imagine how they would be if locked in a room together.

Fortunately, Kabako was also interested in her and the pair started dating as they raised their daughter who is now eleven years for the seven years they have been together.



Source – mbu.ug

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Lifestyle

Even in my grave, I’II have nightmares about Diana Nabatanzi

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Masaka city businessman Emmanuel Lwasa Kaweesi will live to forget BBS Telefayina presenter Dianah Nabatanzi in his entire life and in death.

Emmanuel Lwasa who broke up with Dianah Nabatanzi and got married to Angel Kawunda narrated how the former taught him a lesson about the modern-day relationships that he will never forget in his entire life.

Basing on how Nabatanzi treated him, Lwasa noted that if the dead have dreams in their graves, he will have nightmares about her for having conned him when in their relationship that lasted five years.



Source – mbu.ug

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Lifestyle

Pastor Wilson Bugembe is my favourite man of God

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Because he does not judge the secular music stars, Pastor Wilson Bugembe is the popular man of God amongst celebrities and Sheebah Karungi concurs.

From the days of celebrity Sunday at Light The World Church in Nansana, Wilson Bigembe has been a favourite for most celebrities.

Todate, many still find peace at his church than elsewhere and they usually attend the Sunday service there.

Josh Ruby is an Editor with high interest and knowledge in the Ugandan entertainment space, an industry he has been actively part of since 2010. Leads to breaking stories are welcome!



Source – mbu.ug

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