Uganda Mobile Money Market Size, Trends, Industry Overview, Top Companies, Analysis and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐔𝐠𝐚𝐧𝐝𝐚 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖" The Uganda mobile money market size reached US$ 77.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 467.7 Billion by 2028, exhibiting a growth rate (CAGR) of 33.1% during 2023-2028.

Mobile money is a digital pay-as-you-go application or financial service that involves exchanging and storing monetary funds through accounts. It is provided to customers by an entity that collaborates with mobile network operators and traditional banking networks. Mobile money does not require individual bank accounts to access and execute its diverse services, including check deposits, and balance inquiries. Apart from this, mobile money offers a secured user interface to ensure instant money transactions and allows tracking of historical transmission reports and promotes location-based payments, due to which it is used across the rural and urban areas of the nation.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐚𝐧 𝐢𝐝𝐞𝐚 𝐨𝐟 𝐨𝐮𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/uganda-mobile-money-market/requestsample

Uganda Mobile Money Market Trends:

The underdeveloped financial infrastructure in the country, lack of formal bank accounts, and the increasing need for easy-to-use mobile applications to perform peer-to-peer (P2P) are majorly driving the market growth. Moreover, the shifting consumer inclination toward online money transaction services over cash pick-up and bank deposits, due to their secure, quick, and cross-border money transfer facilities, is supplementing the demand for mobile money in the nation. Additionally, the favorable initiatives being undertaken by Uganda regulatory bodies to promote the uptake of mobile money to achieve the objective of a cashless economy, improve tax collection, and ensure transparent transactions are propelling the market growth. Other factors, such as the rising penetration of internet services, the proliferation of smartphones, and growing consumer awareness regarding innovative technologies, are fuelling the market of mobile money in the region.

Uganda Mobile Money Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the uganda mobile money market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• MTN Group Limited (MTN Uganda)
• Bharti Airtel Limited

Key Market Segmentation:

The report has segmented the uganda mobile money market on the basis of technology, business model, transaction type.

Breakup by Technology:

• USSD
• Mobile Wallets
• Others

Breakup by Business Model:

• Mobile Led Model
• Bank Led Model

Breakup by Transaction Type:

• Peer to Peer
• Bill Payments
• Airtime Top-ups
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=1447&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

IMARC Group

134 N 4th St Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

This release was published on openPR.