Govt To Scale Up Financial Inclusion to 80%
Government plans to scale up financial inclusion from the current 59.3 per cent to at least 80 per cent by 2022.
Secretary to the Treasury Fredson Yamba says enhanced collaboration with stakeholders in the sector is key to ensuring quality products and services by financial service providers which are necessary for attaining financial inclusion.
He says government is currently amending the National Payment Systems Act and the Bank of Zambia Act to provide the much needed business environment for the financial sector.
Mr Yamba said this when he officiated at the Launch of the Code of Banking Ethics and the 2020 to 2022 Bankers Association of Zambia Strategic Plan.
Mr Yamba is confident that the code of ethics and baking practice will be a guide to the banking sector in maintaing the tenets of good practices.
And Bankers Association of Zambia Vice Chairperson Simangolwa Shakalima said the three year BAZ Strategic plan aims to improve relations with government and sector regulators to facilitate the growth of the industry.
Meanwhile, BAZ Chief Executive Officer Leonard Mwanza said the association wants to facilitate the growth of the banking sector in the country.