Embrace technology to reduce costs, Atingi-Ego tells Saccos
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Uganda, Nov. 25 -- The Bank of Uganda has advised the Savings and Credit Cooperative Organisations (Saccos) to invest more in technology to enable them to begin providing financial services via digital channels which will help them to lower interest rates.
Addressing cooperators during Uganda Cooperative Savings & Credit Union Seventh Annual Conference held at Imperial Royal Hotel on November 25, the deputy governor of Bank of Uganda, Dr Michael Atingi-Ego said the enhanced capacity and richer resources will enable Saccos to invest in effective systems and innovations, such as digital channels, to offer services at scale.
"The BoU is already implementing the National Payments Systems Act 2020 to promote broader financial services delive...
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