Mobile payments in Uganda are boosting commerce

africa mobile technology

The number of people using their devices to transfer funds has experienced massive growth. According to the Bank of Uganda, the number of smartphone owners who are using the mobile payments and funds transfer system that it offers increased from 2.9 million people in 2011 to a whopping 8.9 million people last year. This has generated faster financial access than commercial banks in the country have achieve in a century. In fact, the number of people who used mobile payments last year is almost twice the number of people who…

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