The Bankom initiative is still in its infancy because most of the major players still dont have the element of trust. As such, only four banks have fully or partially enabled customers to access their funds from any ATM.

joseph mpora wrote:

There is some kind of venture here where all banks' ATM can get cleared by any ATM machine, I think it's called Bankom or something similar. If there were somehow connected online, we can have the ATM cards acting as debit cards. I don't think it's still a long way off, I guess the consumers have to pressure the banks to give more services. Joseph Mpora

On 11/7/05, *Mark Tinka* <[EMAIL PROTECTED] <mailto:[EMAIL PROTECTED]>> wrote:

    On Monday 07 November 2005 12:51, Ronny wrote:

    > Haha ,guys  from Kibuye go to Congo for Timber and take
    > maize with them so distance isn't a barrier in Uganda
    > :-)

    Of course, for some items, f2f is a great idea, e.g.,
    cars, houses, or your wife for that matter ;-).

    But for other items, e.g., 1GB DRAM Kit, courier might be
    the most effective mode of delivery. So some kind of
    remote payment system is necessary.

    It is also on this basis that trust is built with
    individual buyers, and ratings of trust become a critical
    part on the UG Mart web site in deciding which buyer to
    choose for a specific item.

    Mark.


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