Uganda Bankers Association and Fintechs association to collaborate on digital financial services product development The emergency of mobile money, mobile banking, and most recently agent banking has deeply driven the reach of formal and informal but regulated financial services. The cooperation between bankers and fintechs can only drive this reach deeper and wider.

The Uganda Bankers Association (UBA) and Financial Technology Service Providers Association (FITSPA) have signed a strategic collaboration agreement aimed at promoting innovation, knowledge sharing and professional practices in the development of digital financial services in Uganda. Wilbrod Humphreys Owor, the Executive Director of UBA said the partnership will strengthen collaboration between the two associations to facilitate learning sessions and exchange of information aimed at encouraging innovations in the country’s financial services sector. “As you know the financial sector like all the other sectors across the country, there’s a lot of transformation that is going on driven by technology- in our…