Uganda: IFC inks $1.9 mln deal with Agent Banking Company to boost access to financial services
Monday, 29 April 2019 15:47
The Agent Banking Company, that gathers banks and financial institutions on the same platform, and the International Finance Corporation (IFC) signed a $1.9 million agreement to develop a network of banking agents in rural zones within 30 months and boost access to financial services.
In Uganda, 41% of the adult population living in rural zones has no access to financial services, the IFC indicates.
This platform was created by the Uganda Bankers’ Association (UBA), an association of Ugandan banks, and Eclectics International. In August 2018, it had seven local banks and a network of agents that offer a set of products and services developed by banks on a single platform.
Chamberline Moko
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