Cashless transactions rise with Covid-19, says BoU

A customer uses a contactless card to complete a transaction in a supermarket. Covid-19, accelerated the adoption and use of financial technologies such as contactless payments. PHOTO | EDGAR R. BATTE

   
Internet and mobile banking grew with disruptions occasioned by the Covid-19 pandemic, a Bank of Uganda review has shown.
The two platforms were some of the digital channels that registered strong performance in the financial services sector.

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