{"id":25780,"date":"2022-02-05T17:35:06","date_gmt":"2022-02-05T17:35:06","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=25780"},"modified":"2022-02-05T17:31:25","modified_gmt":"2022-02-05T17:31:25","slug":"banking-sector-players-deepen-financial-inclusion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion","title":{"rendered":"Banking sector players deepen financial inclusion"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>With just about 6 million bank accounts out of a population of more than 45 million, implies that Uganda is among the least unbanked countries in the world, according to banking sector professionals.<\/p>\n

As a result, leading financial sector players are trying out innovative ways to deepen financial inclusion, beginning with simplified innovations to draw, especially the majority of young people, into the banking fold.<\/p>\n

With a help of technology, opening accounts via your mobile phone, irrespective of the type of handset or whether you have internet or not – you can now open an account and straight away perform banking services.<\/p>\n

Financial institutions like Equity Bank are already trying this out ahead of their peers. Central Bank has since been urging industry players to take on bold and innovative ways to deepen financial inclusion.<\/p>\n

\u201cThis game-changing innovation is a commitment to invest in the financial deepening and inclusion of the unbanked population through increasing access to mainstream banking services while at the same time help many underserved and unbanked customers access banking services,\u201d the Executive Director Commercial Banking, Mr Michael Matovu Sseguya told Daily Monitor during the launch of the platform.<\/p>\n

He continued: \u201cAs industry players, we always seek innovative ways of offering integrated financial services that socially and economically empower our customers and communities as we have developed this platform while keeping in mind the potential of mobile and digital banking and the need for small value immediate remittances.\u201d<\/p>\n

Patrick Kato, an industry analyst, and tech enthusiast noted that this will definitely help in financial deepening and inclusion of the unbanked population in the mainstream banking services following years of Telecommunications companies occupying the space.<\/p>\n

iladu@ug.nationmedia.com<\/b><\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. With just about 6 million bank accounts out of a population of more than 45 million, implies that Uganda is among the least unbanked countries in the world, according to banking sector professionals. As a result, leading financial sector players are trying out innovative ways to deepen financial inclusion, beginning with simplified […]<\/p>\n","protected":false},"author":84,"featured_media":25779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-25780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nBanking sector players deepen financial inclusion - Uganda<\/title>\n<meta name=\"description\" content=\"With just about 6 million bank accounts out of a population of more than 45 million, implies that Uganda is among the le ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking sector players deepen financial inclusion\" \/>\n<meta property=\"og:description\" content=\"With just about 6 million bank accounts out of a population of more than 45 million, implies that Uganda is among the le ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-05T17:35:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/02\/img-61feb44ce8ad6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"443\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Banking sector players deepen financial inclusion\",\"datePublished\":\"2022-02-05T17:35:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/02\/img-61feb44ce8ad6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/banking-sector-players-deepen-financial-inclusion\",\"name\":\"Banking sector players deepen financial inclusion - 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