In January 2016, the government passed the Financial Institutions (Amendment) Act, with the objective to enhance financial inclusion by making provisions for better, easier and convenient financial services for all Ugandans.

To support the Financial Institutions (Amendment) Act, the commercial banks currently operating in Uganda, through their umbrella body – Ugandan Bankers Associations, agreed to form a Shared Agent Banking System. The aim of the Shared Agent Banking System is to take banking services closer to the people while reducing operation and administrative costs.