Uganda’s central bank said in its end of year report that over Ush1 trillion (about $400m) was transferred through mobile money services last year. Uganda’s largest telecommunications operator, MTN Uganda, has noted upsurge use in the service with the money transferred through their network alone for the month of June recorded at Ush550b (about $220m).

The June transfers are about 52% of all the total cash that was transferred in 2010. On average, $85 was transferred per minute.

Source: Mobilemoneyafrica