Monthly Archives: August 2017

Agency Banking is finally here. Where is the real opportunity for the banks?

Posted by:Timothy Musoke

The Amendment of the Financial Institutions Act by parliament has paved way for the introduction of Agency Banking. Agency banking, in its simplest form, is where a licensed financial institution engages an agent to provide special financial services on their behalf outside the conventional avenues of tellers, cashiers and ATMs. These services may range from…

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