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Uganda Mobile Money Market Share, Size, Top Companies, Latest Insights and Forecast 2023-2028

09-18-2023 09:10 AM CET | IT, New Media & Software

Press release from: IMARC Group

Uganda Mobile Money Market Share, Size, Top Companies, Latest

IMARC Group, a leading market research company, has recently releases report titled "๐”๐ ๐š๐ง๐๐š ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ง๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–" 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 financial service that allows users to perform monetary transactions through mobile devices. It is especially prevalent in regions where traditional banking infrastructure is limited. Users can deposit money into a mobile money account, often linked to a mobile phone number, and then use it to make payments, transfer funds, and even access financial services like loans and insurance. Transactions are usually facilitated through a mobile app or via SMS, making it accessible even on basic mobile phones. Mobile money offers the advantages of speed, convenience, and increased financial inclusion. It has become an essential tool for the unbanked population, providing them with an entry point into the formal financial system.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/uganda-mobile-money-market/requestsample

Uganda Mobile Money Market Trends:

A large segment of Uganda's population lacks access to traditional banking services which represents one of the key factors driving the growth of the market across the country. Mobile money offers an accessible alternative, which is increasing financial inclusion. The Ugandan government is supportive of digital financial services and accepting their potential for economic development. Regulations are evolving to safeguard users while encouraging market competition. The decreasing cost of mobile phones is enabling more people to access mobile money services, even in rural areas. Uganda has a high rate of mobile phone penetration, which is creating a sizable potential user base for mobile money services. The country receives a substantial number of remittances from abroad. Mobile money platforms provide a convenient and cost-effective channel for these transactions. The market is also driven by the prevalence of the informal economic sector which makes mobile money an attractive option for transactions, as it provides a semi-formalized means of managing finances without the need for a bank account.

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:

โ€ข MTN Group Limited (MTN Uganda)
โ€ข 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:

โ€ข USSD
โ€ข Mobile Wallets
โ€ข Others

Breakup by Business Model:

โ€ข Mobile Led Model
โ€ข Bank Led Model

Breakup by Transaction Type:

โ€ข Peer to Peer
โ€ข Bill Payments
โ€ข Airtime Top-ups
โ€ข Others

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž: https://www.imarcgroup.com/request?type=report&id=1447&flag=C

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

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.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

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

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