Wednesday, May 7, 2008

Smart cards for borrowers

From Newvision online

KAMPALA - Borrowers from financial institutions will be required to obtain smart cards with records of their loan repayments. The smart financial cards would have their fingerprints, names, number and a photograph. The borrowers will get their cards from CompuScan CRB Limited, a firm that was selected by the Bank of Uganda to run the Credit Reference Bureau. “The bureau will collect loan information from financial institutions, securing, sorting and storing it on the cards,” Sam Katwere, the central bank’s deputy director for communications, said.

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