By end March, the operators had 1,968,125 registered customers and in the period January to March 2011, the total number of transactions were 13,220,674 with a total value of Shs.551,010 million. It is our belief that a combination of the above initiatives will open new opportunities for financial intermediation and Inclusion in a safe and sound system.
In conclusion, the quest for Financial Inclusion should be complemented by safety and soundness to ensure that gains made in inclusion are not eroded by loss of savings or loss of confidence in financial institutions. The BOU will continue to support formalisation of innovative approaches through improvements in regulatory framework as well as working with other stakeholders.