Subject: Trilateral MOU signed between DAB, Afghan Post, and Afghan Banking Association to provide banking services through branchless banking

Mpoya
Mon, Sep 07 2020 8:48 PM
DAB

PRESS RELEASE

September 7, 2020

Today a trilateral MOU was signed between DAB, Afghan Post, and Afghanistan Banking Association. The main purpose of this MOU is to facilitate access to the banking services through branchless banking.

One of the principles of the DAB new acting governor Mr. AjmalAhmady is to increase financial inclusion through expanding banking services and digital payments in Afghanistan. The signing of this MOU makes us one step closer to this goal. Based on this MoU, banks would be able to provide banking services in areas where they do not have branches, by using the Afghan Posts branches as bank’s agents.

Afghan Post is a state-owned enterprise that is providing universal postal services through more than 450 branches throughout the country. Afghan Post will provide these services in light of the banking rules and regulations.

This MOU will have an immediate and large benefit for Afghanistan. Some benefits of this approach include:

  • An immediate way to have a bank branch in every part of Afghanistan
  • The ability to pay teachers in their home province instead of forcing them to travel to the capital of each province
  • An immediate way to provide loans throughout the country

Latest news

Mon, Nov 21 2022 2:06 PM
Background image

Da Afghanistan Bank Is Committed to Retaining and Promoting Professional and Experienced Staff

November 20, 2022 - Taking into account the principles of job rotation and promotion, Da Afghanistan Bank recently brought a series of changes to the responsibilities of a number of. . .

Tue, Oct 04 2022 11:14 AM
Background image

ECO Trade And Development Bank Held 95th and 96th Meetings Of Its Board Of Directors

ECO Trade And Development Bank held 95th and 96th meetings of its Board of Director in the Istanbul city of Türkiye on September 29, 2022. The meeting was attended by the President and. . .

Mon, Oct 03 2022 1:03 PM
Background image

Kabul Receives USD Forty Million Humanitarian Aid in Cash

October 03, 2022—In continuation of the international community’s humanitarian aid, Afghanistan received USD forty million in cash which was deposited to a commercial bank.

While. . .

BACK TO NEWS