NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, June 28, 2006

BANKING institutions have been urged to start rural mobile banking services to attract more people into the banking industry and help the country instil a savings culture; much lacking in Uganda.

The service that involves making banking transactions through a combination of banking technologies such as Point of Sales Services, Automated Teller Machines, Mini-ATMs (Movable ATMs) and mobile phones does not necessarily require bankers to visit banks. (Read full article)