For three consecutive years, Guaranty Trust Bank (Uganda) Limited has been recognized for its innovativeness and timely delivery of new solutions by the Uganda Revenue Authority (URA); from 2021/2022 - 2023/2024 Financial years. The 7th URA Annual Bank’s Appreciation Conference themed "Financial Technology trends and Financial inclusion for the enhanced Tax Compliance and transformation of Uganda’s Economy" which held on Thursday, 25th April 2024 saw the bank emerge as the most Innovative Bank deploying various digital solutions toward driving tax revenue collections with an excellent score of 100% within this category.
Uganda Revenue Authority is a government revenue collection agency responsible for the enforcement, assessment, collection and accountability of the various taxes imposed in Uganda. In this regard, Guaranty Trust Bank (Uganda) Limited continues to design and provide efficient solutions digitally towards offering collection services on behalf of URA to support their revenue collection initiatives.
Through our bank applications like GTPay, USSD collection, Visa on arrival among others, the bank has been able to set up payments centers at various entry boarder points, government hospitals and other several government agencies. This has greatly improved effective collection of government revenue by Uganda Revenue Authority (URA).
Some of the payment centers include; Malaba, Busia, Katuna, Elegu, Mpondwe, Uganda wild life education center, Entebbe Airport, Uganda Registration Service, Mulago hospital, Kiruddu hospital and Kawempe hospital etc.
This growth trajectory in the partnership only signifies that our future is orange and will leverage our competitive abilities to remain relevant even as we transition to a Tier 2 Credit Finance Institution.
