FNB has decided not to adjust Its service fees on so called alternative banking channels, opting instead to support the noticeable shift from cash to electronic transfers and other cashless payments.
The bank sees this as a strategic move to entice more existing customers to start using self-service banking, or to abandon cash payments completely.
At least 57 per cent of Uganda's banking sector assets are held by five banks, according to Bank of Uganda.
The five banks, among which include Stanbic, Standard Chartered, Centenary, dfcu and Absa, are Domestic Systemically Important Banks, an indicator and methodology that Bank of Uganda employs to identify banks that are of high importance and value to the economy.
The development finance institutions of the G7, joined by the International Finance Corporation, the European Bank for Reconstruction and Development, the African Development Bank and the European Investment Bank committed US$80 billion for private sector investment across the continent over the next five years.