Ugandans Start Online Bank Based In Canada
Nsawo Finance Inc. (Business Number 703066738), abbreviated as Nsawo, is a subsidiary and pending trademark registration of Paytimeafrica Inc. (Business Number 768086084) which is a registered Money Services Business (MSB) with the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC) under registration number M20196957 in the currency exchange and funds transfer section is a consortium business concern owned by three Ugandans.
The three Ugandans led by Ronald Mathias Kalungi mooted a business idea of starting up a bank to principally serve black communities everywhere in the world. Kalungi asserts that their services are open to everyone regardless of race, creed or religion although their target beneficiaries are the black migrant communities who, more often than not find difficulties in finding appropriate money savings schemes, remittances and transfers wherever they are working from.
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