Merchant payments add a significant use case for mobile money in developing countries by enabling customers to pay for goods and services from their mobile wallets. Across the developed world, cards and NFC enabled POSs are being used to pay for everyday purchases, but the question remains if mobile...
The mobile money industry continues to grow globally, with more than 270 live mobile money services in 93 countries. In Uganda, the amount of money transacted through mobile money by December 2015 was UGx. 32.5 trillion according to the Bank of Uganda. This growth however is not the same for mobile money use...
2016 perhaps saw the biggest jump in Mobile Money use cases ever since the service started gaining popularity in the region. Mobile Money became a backbone for other innovative financial products like insurance cover, interest-bearing savings accounts for non-banked customers, instant personal and small-business micro-loans. MTN Uganda pioneered the mobile micro loans...
Uganda scored a 78 per cent score, coming hot after South Africa and Columbia who also scored same percentage from the study. Kenya received 86 per cent of the total possible points across all four dimensions, ranking first out of all countries surveyed, for the third time in a row...
About a month ago, I became regular contributor to PC Tech Magazine – meaning that I would frequently write features for the magazine in return for a certain remuneration. Taking into account that PC Tech Magazine operates in Uganda and I currently reside in Germany, we were presented with two...
Mobile Money has been around for quite sometime now - enabling individuals to transfer money and pay bills all over Uganda. Mobile money transfer has morphed quickly into mobile payments and mobile banking products. The latest addition to the Mobile Money use case being the ability to save in small amounts...
Most people think of a cashless society is something that is way off in the distant future.  Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. In America today  only 7% of all...