Press release
Uganda Mobile Money Market to Reach US$ 132 Billion by 2024, Induced by Governmental Support
Uganda Mobile Money Market Report
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Mobile money is a payment service that aids in receiving, sending and storing money using the internet. It operates under financial regulations and offers simple person-to-person money transfer rather than complex banking transactions with the help of a mobile device. As it is fast, secure, easy-to-use and cost-effective, it is preferred over cash and cheque for monetary transactions. Moreover, it eliminates intermediaries and aids in the protection of consumers' funds. Consequently, mobile money is gaining traction across Uganda.
Rising penetration of the internet, technological advancements in mobile services and a lack of access to financial institutions are some of the key factors propelling the mobile money market growth in Uganda. Apart from this, it provides ease in the transferring of funds, and payment of salaries, utility bills and school fees, which is escalating its demand in the country. Besides this, as it helps in the overall economic and social development of the country, it is expected to strengthen the market growth in the coming years.
Explore full report with table of contents: https://www.imarcgroup.com/uganda-mobile-money-market
Market Breakup by Technology
USSD
Mobile Wallets
Others
Currently, USSD holds majority of the market share in the Uganda mobile money market.
Market Breakup by Business Model
Mobile Led Model
Bank Led Model
Currently, mobile led model holds the largest share in the Uganda mobile money market.
Market Breakup by Transaction Type
Peer to Peer
Bill Payments
Airtime Top-ups
Others
Currently, peer to peer transaction type holds the highest share in the market.
Competitive Landscape:
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the key players include:
MTN Uganda
Airtel
Key highlights of the report:
Market Performance
Market Outlook
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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