East Africa states seek to unlock stalemate over ATM link
A bank customer makes a transaction at an automated teller machine in Kigali, Rwanda. East Africa’s banking customers could soon gain access to cheaper ATM withdrawal in an integrated regional banking switch. PHOTO | CYRIL NDEGEYA | NATION
East Africa’s banking customers could soon gain access to cheaper ATM withdrawal charges after regional governments moved to review financial laws to enable an integrated regional banking switch.
The switch connecting Kenya, Uganda, Rwanda and Tanzania banking systems, which was expected to go live in 2015, has been held back due to failure by the regional finance ministers to agree on how to review and align banking legislations in their respective countries.
