Popularity of mobile money continues to grow in Uganda

11 Jun 2014

The Bank of Uganda has revealed that 14 million Ugandans used mobile money platforms in 2013, with the value of transactions up 40% year-on-year to UGX18.6 trillion (USD7.2 billion). According to a report from The Observer in Kampala, mobile money users in Uganda now outnumber traditional bank account holders two-to-one, with the customer total rising by more than 52% last year. The total number of transactions increased 65% from 241.7 million in 2012 to 399.5 million in 2013.