Wednesday, July 2, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Remmo is using FinTech to digitize wedding contributions and fundraising causes

by JAVIRA SSEBWAMI | PUBLIC EDITOR
30/07/2022
in ANALYSIS, TECH
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter
Buliba Fadhili Magambo, the CEO Nderemo Company Ltd, the organization that runs the Remmo App
Buliba Fadhili Magambo, the CEO Nderemo Company Ltd, the organization that runs the Remmo App

In African culture, whenever a young man is going to marry his bride, it is taken as a collective responsibility of the community to make contributions toward the success of the celebrations. This is always done through wedding meetings where people converge and manually collect money, while others make pledges and fulfill them at the next meeting.

However, besides the hardship of attending physical meetings, stories are told of treasurers who have misappropriated these contributions and eventually the weddings turn from celebrations to disappointments.

Related posts

Looming unemployment: Farmers, Residents in shock as NEMA boss orders the demolition of multi million chicken farm

30/06/2025
260
Suspects in court on Monday.

Mpigi District boss, District Service Commission Members Charged over illegalities in Job offers

30/06/2025
161

Tororo leaders hail Lady Justice Sarah Langa for her Dedication,Mentorship and Integrity

29/06/2025
267
Bishop Lwere with some of the Judicial officers who participated in the Prayer Breakfast.

Bishop Lwere warns Judicial officers against Corruption

28/06/2025
170

In 2020, a group of tech enthusiasts in Tanzania decided to prevent these scenarios by introducing a mobile platform where people can automatically make pledges and contributions without attending a physical meeting or paying cash.

Named the Remmo App, someone (it may be the bride or groom or any of their trusted representatives) just goes to this platform and creates a pledge account. Then they are required to fill in some data, such as the type of ceremony they want to conduct (it may be a wedding, send-off, birthday party, etc) and then they receive a unique identity.

“When someone registers, they get a link which they can share on other platforms like WhatsApp. When the friends tap the link, they go to the pledges page and contribute to that cause. Those that pledge can pay in installments until they fulfill the pledge,” says Buliba Fadhili Magambo, the CEO Nderemo Company Ltd, the organization that runs the Remmo App.

The funds are collected at a central point and the person who opened the page can withdraw using mobile money or through a bank account.

“We have partnerships with mobile operators who facilitate people to pay using mobile money (M-Pesa, Airtel Money, Tigo Pesa etc) or they can pay using USSD or directly through the App from wherever they are. The money goes to our collections bank account and the person can withdraw it any time,” he adds.

Magambo says this platform is aimed at simplifying pledges and their fulfillment because sometimes people fail to contribute to social ceremonies just because they can’t make it to physical meetings.

The platform is still new on the market, having been launched at the end of 2021, but Magambo is optimistic people will adopt it with ease because of its advantages. Remmo removes the costs of soft copy-printing, distribution and validation of invitation cards; it eases management of pledges and contribution data and helps in time management by hosting virtual meetings.

Remmo is a women-centric product given that women are more involved in the preparation of social ceremonies than men.

Magambo meanwhile says one of the biggest challenges they have faced is the reluctance of big FinTech players such as banks and telecoms to avail their API infrastructure to FinTech startups.

He is, however, very grateful to the 40 Days 40 FinTechs platform for reaching out to emerging FinTechs across East Africa to showcase their unique stories.

Buliba Fadhili Magambo, the CEO Nderemo Company Ltd, the organization that runs the Remmo App

The 40 Days 40 FinTechs initiative is organized by HiPipo in partnership with Level One Project, Mojaloop, ModusBox, and Crosslake Technologies with generous support from the Bill and Melinda Gates Foundation.

“This platform is good for FinTechs especially startups. It gives us the channel to air our creativity,” Magambo says.

Based in Tanzania, Remmo is the 46th participant in the third edition of #40Days40FinTechs initiative that has quickly grown into one of the world’s premier showcase events for the innovations that are enabling more people to join the digital economy space.

This year’s edition targets Digital Innovators and FinTechs around East Africa. The 40 Days 40 FinTechs initiative offers participants useful tools and an introduction to the industry’s emerging technologies, such as Mojaloop Open Source Software, and guidance from Level One Project foundational material. The skills gained from this initiative cover Level One Project Principles, Instant and Inclusive Payment Systems (IIPS), Inclusive Finance and FinTech in general.

According to HiPipo CEO Innocent Kawooya, this year’s edition looks at cementing achievements of the previous editions – where over 60 FinTechs have been transformed – but also build on them to leverage digital financial inclusion in East Africa and beyond.

“As HiPipo, our extensive effort and advocacy is partly for the intention of championing digital innovation and interoperable instant and inclusive payment systems (IIPS) in Africa to a point where our innovators enjoy and achieve sound profit margins to help them keep designing and deploying affordable and inclusive financial services for the poor,” Kawooya said.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Buliba Fadhili MagamboCEO Nderemo Company LtdFeaturedHiPipoHiPipo CEO Innocent KawooyaHiPipo Chief Executive Officer Innocent Kawooyarammo appRemmo App

Related Posts

AFRICA

“The mood for sex is spoiled”: Men feel cheated by menstruating female sex workers

by LILIAN MUWONGE | UG STANDARD REPORTER
05/01/2025
0
356

A recent study published in PLOS ONE has shed light on the deep-seated stigma and misconceptions surrounding menstruation, particularly among...

Read moreDetails
Innocent Kawooya, the HiPipo CEO noted that innovators can use Mojaloop to develop secure and interoperable payment systems that are acceptable globally.

17 Startups to watch out for in 2022

05/01/2022
167
The Digital Impact Awards Africa celebrates digital excellence across the continent, big or small, local or international.

2022 Digital Impact Awards Africa open for nominations

01/09/2022
160

2022 National Science Week kicks off at Kololo

09/11/2022
179
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4361 shares
    Share 1744 Tweet 1090
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3911 shares
    Share 1564 Tweet 978
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2660 shares
    Share 1064 Tweet 665
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3322 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1783 shares
    Share 713 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Makerere University announces the release of 2025/2026 self-sponsored undergraduate admission lists, detailing successful direct entry A-Level applicants

FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

02/07/2025
President Museveni assents to nine new bills, including key tax amendments, to boost Uganda's domestic revenue and fiscal discipline for the 2025/26 financial year.

Museveni approves nine new tax laws to bolster revenue

02/07/2025
Nile Breweries Head of Marketing Wangechi Gitahi with Solly Sebola, Chargé d'Affaires at the South African High Commission.

Nile Special, URU engage South African High Commission on Rugby events

01/07/2025
Rotary District 9213 Gov. Geoffrey Kitakule speaks at a press conference Tuesday at Protea Hotel Kampala.

New Rotary Governor Kitakule calls for collaboration as new year begins

01/07/2025

CNOOC Uganda, Chinese team hold medical camp in Kikuube District

01/07/2025
Uganda Breweries MD Andrew Kilonzo with his team with the award

Uganda Breweries Earns Prestige Trophy for 25 Years of Quality

01/07/2025
Discover how new pipeline deals, including EACOP and Russia-Congo agreements, are accelerating Africa's energy security and economic growth. Learn about these crucial infrastructure projects shaping the continent's future

New Pipeline Deals Fuel Africa’s Energy Future

01/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists
  • Museveni approves nine new tax laws to bolster revenue
  • Nile Special, URU engage South African High Commission on Rugby events
  • New Rotary Governor Kitakule calls for collaboration as new year begins
  • CNOOC Uganda, Chinese team hold medical camp in Kikuube District
  • Uganda Breweries Earns Prestige Trophy for 25 Years of Quality

OpED

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

Open Letter to the Chief Justice: Your Silence on Corruption is Very Loud

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d