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Home > BSA/AML & Consumer Protection > Uganda: More Ugandans Turn to Mobile Money
Jun10 - 20

Uganda: More Ugandans Turn to Mobile Money

Uganda’s mobile financial services continued to register steady growth with the quarter ending December 2019 realising 700,000 new mobile money accounts.

However, some high value Ugandans shifted from using money services to agency banking.

According to the latest Uganda Communications Commission report net additions in registered mobile money accounts between December 2018 and December 2019 stood at 2.6 million.

The quarter ended with 27.1 million registered mobile money accounts, up from 26.4 million in September 2019. Read the complete article HERE.

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