FSD Uganda’s engagement with fintechs
FSD Uganda acknowledges that technology presents unique financial inclusion opportunities for the economically disadvantaged. Because technology comes with affordability and efficiency which play a huge role in increasing financial inclusion, FSD Uganda incorporates the use of technology in all programme implementation. Technology makes it affordable to reach the unbanked and under-served in remote rural areas efficiently in addition to smoothening the value and supply chain. Additionally, technology makes it possible to capture data whose insights can be used to design appropriate products.
To reap these benefits, it was important that the fintech space is formalised. The establishment of the Financial Technologies Service Providers Association (FITSPA) was a key step in this.