US Embassy Kabul
For Immediate Release
Tuesday, October 29, 2013
KABUL, AFGHANISTAN – Thousands of business representatives from across Afghanistan attended the kick-off of a Kabul exhibition promoting branchless banking and electronic payments.
The Afghanistan Banks Association (ABA) and the United States Agency for International Development (USAID) were the organizers of the two-day Access to Finance (A2F) Exhibition.
USAID has invested heavily in Afghanistan’s electronic banking sector. The industry is booming: in the last two years the number of Afghans owning a bank account has shot up from one to three million people.
“The Afghan financial sector has been growing at a healthy pace,” said Khalilullah Sediq, ABA Chairman and CEO of Afghanistan International Bank. “We expect the expansion of branchless banking will…help small and medium enterprises grow at a faster pace.”
The exhibition featured 50 booths where banks, microfinance agencies and other financial institutions showcased products and services. More than 3,500 members of Afghanistan’s business community attended the event.
“The United States Government is pleased that once again banks, micro-finance institutions, and mobile network operators have come together to demonstrate that Afghanistan is open for business,” said U.S. Ambassador James Cunningham.
“The future of Afghanistan lies with the ability of Afghans to create their own long-term economic plan and develop the capacity to finance their own economic priorities,” Cunningham said.
Last updated: April 15, 2014