Uganda Mobile Money Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2024
According to the latest report by IMARC Group, titled “ Uganda Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the Uganda Mobile Money market size reached a value of US$ 25 Billion in 2018 . Mobile money is an electronic wallet service that enables the user to store, receive and save money with the use of their mobile phones. The digitized format of these electronic wallets or mobile wallets allows consumers to make secure payments. Mobile wallets can be broadly categorized into closed, semi-closed and open wallets. Amongst these, closed wallets help in making a direct purchase from a specific merchant, whereas semi-closed are useful for multiple merchants if they have a contract with the payment portal. On the other hand, open wallets are typically used for any transaction and help consumers to withdraw the money sent to their account. In Uganda, with the proliferation of mobile phones, mobile network operators ...