Agent Banking Services Hit Record Of 6,000 Customers

May 9, 2019 Business Comments Off on Agent Banking Services Hit Record Of 6,000 Customers

The number of citizens using agent banking services has hit record of 6000 just one year after agent banking services was introduced, Agent Banking Company of Uganda Chief Executive Officer Richard Yego has disclosed. “commercial banks have reported 40%in cash deposits,withdrawal,school fees payment transaction volume growth of customers moving from traditional branches to agents. Agents have also facilitated recruitment of ...

IFC Extends $1.9million To Support Growth Of Agent Banking Services

April 25, 2019 Business Comments Off on IFC Extends $1.9million To Support Growth Of Agent Banking Services

International Finance Corporation (IFC) a member of the World Bank has extended $1.9million to Agent Banking Company of Uganda (ABC) to support growth of agent banking services in rural areas. Richard Yego ABC Chief Executive Officer says over two and half years, IFC funds will be used to roll out agent banking network infrastructure and accelerate financial expansion services to ...