“High withdrawal charges are affecting digitisation of payments,” she said, narrating that the ICT ministry recently contracted people to gather data for Parish Development Model, after which.
Airtel Uganda, KCB Bank Rollout Mobile Loan Products
Airtel Uganda, KCB Bank Rollout Mobile Loan Products
Airtel Uganda an KCB Bank Uganda roll out mobile savings and loan products that will enable their customers to earn interest on savings and fixed deposits.
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Airtel Uganda an KCB Bank Uganda roll out savings and loan products for airtel customers. (PHOTO: Olupot Nathan Ernest/PC TECH MAGAZINE)
Airtel Uganda in partnership with KCB Bank Uganda, today announced a partnership to roll out savings and loan products that will enable their customers to earn interest on savings of 5% per annum on regular savings to 9% per annum on fixed deposits. Airtel Money Agents on the other hand will be able to borrow loans for as low as UGX300.
Daily Monitor
Tuesday January 19 2021
Summary
Agent banking was introduced in 2017 and has since accumulated close to 13,000 agents across the country. It has become an important medium of transaction, extending banking services closer to the population.
Undeniably, innovations have a way of changing lives. Lives change for the better but some times for the worse.
Whereas, agent banking has brought banks closer to the people, it has definitely wreaked havoc in some areas, yet offered opportunities to both the bankers and users.
To narrow it a little, in reality, the tellers’ job is at risk and with the increased innovations in digital banking the threat becomes more apparent and visible. Digital experts have warned and advised that perhaps, it is time a teller’s job and others in such category, are modified to avert the catastrophe of massive job losses.