The Parliament of the Republic of Uganda passed the Financial Institutions (Amendment) Act, 2016 which makes provisions for Agent Banking. Agent Banking, governed by Agent Banking Regulations 2017 enables institutions into the Digital Financing space and drive financial inclusion and increase access to financial/banking services to a range of under-served and unbanked population segments.
Through this shared platform, banks will use Agent Banking Services to foster financial inclusion and deepen the financial infrastructure. Financing all levels of the economy helps families of any social and economic status to create wealth.
Click below to download the Standard Bank app: