Experts Calls For A Cashless Economy

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Financial experts are calling for the digitization of Uganda’s economy to move from cash to a cashless economy. Experts feel a cashless economy will help financial institutions tap into the unbanked sector.
The highest percentage of Uganda’s cash according to Stanbic Chief Executive Officer Patrick Mweheirew largely remains in the informal sector, yet Banks need to access more money that will see a reduction in interest rates.