As the banking sector grows, Many banks are continuing to Innovate new products to retain their customers and also to keep a lead in an industry that is getting more competitive by the day. With Mobile Money disrupting conventional banking, banks have to innovate faster and smarter to avoid losing market share.
Centenary Bank for a couple of months has had a product they are calling “Cente Card” its nothing new — its the ordinary Centenary Bank ATM that any customer receives upon request. What is different though is that Centenary Bank has invested in Point of Sales (POS) machines that they have placed at major supermarkets, hardware shops and hospitals. With these machines, Centenary Bank customers can comfortably Swipe their Cente Cards at selected Supermarkets, Hospitals and hardware Shops to purchase goods and services.
This is something that any other bank would have done except they were unwilling to invest in the POS machines probably because they didn’t see the viability. If Centenary continues to increase the number of Merchant points at which their customers can swipe their cards, this will create convenience reducing the need to carry physical cash.
The Cente Card allows for Payment of goods and services at POS terminals like supermarkets and petrol stations. The customer can also withdrawal cash and view account balances from POS terminals. For a merchant to register, they would need a Bank account, an operational business, a valid trading licence, a suitable premise that is secure and has power and availability of personnel to be trained to use the POS terminal.
Below are the different places where you can swipe your Cente Card.
Super Markets: Sanjor Supermarket, Seeta Buto Road Sanjor Supermarket, Seeta, Kampala Road Save Supermarket, Busega Sombe Supermarket, Mukono Jenma Shopping Centre, Namugongo T&T Supermarket, Najjanakumbi-Salama RD T&T SSupermarket, Kulekana Stage Makindye Quality Supermarket-Naalya Quality Supermarket-Lubowa Quality Supermarket -Ntinda Quality Supermarket -Martin Rd, Old Kampala Devine Supermarket 1, Nansana Devine Supermarket 2, Nansana Mwebale Supermarket, Kireka Kabu Supermarket, Kyaliwajjala Kenjoy Supermarket Najja 1, Najjanakumbi Kenjoy Supermarket Najja 2, Najjanakumbi Kenjoy Supermarket Mengo, OPP Mengo Hospital Kenjoy Supermarket Bukoto, Charity Uganda LTD, Gulu Charity Uganda LTD, Kitgum
Hardware Stores: Covenant Hardware LTD, Natete Masaba Enterprises LTD, Natete Mparo Hills Trading Co, Nakasero Mparo Hills Trading Co, Gayaza
Hospitals: Rubaga Hospital, Rubaga
Image: FrugalFeminista.com
