Agent Banking Company

AgentBanking.co.ug is a digital platform designed to enhance financial inclusion in Uganda by connecting underserved and unbanked populations to banking services through a network of local agents. The company operates under the regulations set forth by the Financial Institutions Amendment Act, 2016 and the Agent Banking Regulations, 2017. This regulatory framework allows financial institutions to enter the digital financing space, thereby increasing access to financial services for a broader range of people.

The platform primarily serves financial institutions and banks, enabling them to extend their reach without the need for physical branches. By leveraging local agents, these institutions can offer a variety of banking services such as deposits, withdrawals, and account management to customers in remote and underserved areas. This model not only reduces operational costs for banks but also provides a convenient and accessible banking solution for clients.

AgentBanking.co.ug generates revenue through service fees charged to financial institutions for using the platform. These fees are typically based on transaction volumes and the range of services provided. The company also benefits from partnerships with various banks under the Uganda Bankers Association (UBA), which further strengthens its market position.

Keywords: financial inclusion, digital financing, local agents, banking services, underserved populations, Uganda, regulatory framework, service fees, Uganda Bankers Association, remote banking.