A Public Discussion Paper on prospects of open source CBDC Central Bank Digital Currency in financial access programs for the underbanked.
Access to financial services is still a very big challenge in Uganda, especially in rural communities. Banks are mainly concentrated in major towns and their services are highly priced. According to global partnerships for financial inclusion, billions of adults still remain unbanked and inequalities persist due to this underbanked situation.
I have written this article while investigating the extent of financial inclusion in different developing regions throughout the continent. Let me remind you that this region’s population is also at the highest risk of financial exclusion.
What more we need , yet we are talking about our comfort, while children of tomorrow getting conditioned…