By Taddewo Senyonyi While bringing financial services to the people is one step towards cultivating a saving culture and ultimately fighting poverty, most of the banking activity is concentrated around Kampala, the country’s capital and other large towns, leaving 42% of Ugandans at the mercy of the informal financial sector, and another 30%, totally excluded from the financial services sector, according to a 2010 Finscope report. However, while it appeared as a problem then, smart innovative banks including PostBank, Centenary and Opportunity viewed it as an opportunity, they introduced mobile units/vans to reach out to the unbanked in rural areas who would otherwise have no access owing to physical distance or…
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