Ugandans plying their trade in South Sudan now have an option of mitigating potential risks involved in moving with huge sum of money.

South Sudan is a business centre for a sizeable Ugandan traders, however among its major challenges is the lack of credible facilities to promote cross border transactions.

To fill that gap, Kenya Commercial Bank, an only bank in southern Sudan with branches in Uganda, Kenya and Tanzania has introduced facilities that will enable traders in Uganda do business without physically carrying substantial amount of money that may pose risks to both life and property.

"South Sudan is a cash economy which comes with the high risk of losing money and lives but with our facilities that enables instant connectivity, the risk is now mitigated," the Executive director of KCB Uganda, Mr Nok Bwonditi said.

Speaking during the launch of KCB Bizflex solutions in Kampala recently Mr Bwonditi said by using cross borders fund transfer, one of the facilities which allows depositing and withdrawal in any country where KCB has presence traders will mitigate chances of highway robbers, mugging and fake notes among others.

Other services include foreign exchange transaction which guard against foreign exchange fluctuations, trade financing and cash management, this enables traders to track their balances even on line among other services.

However what is in doubt is whether the traders will embrace the new development and dump the traditional method of transacting business-using banks.

This is evident even back home where Ugandans are not known for using financial institutions for trading purposes let alone for saving their own regular incomes.

To encourage traders use these facilities, the Managing Director, KCB, Mr James Agin said there will be no extra charges that will be imposed apart from the normal tariff charges.

"We shall be as affordable as possible and only normal tariff charges will apply without any other additional charges," Mr Agin said.