Mobile money cuts unbanked population

Mobile money has emerged as one of the main solutions to achieving financial inclusion in Uganda. The 2018 Finscope Uganda Report shows that 57 per cent of adults in the country use digital payments.

Experts now want the focus turned to better regulation of the sub-sector to mitigate the risks of mobile money transfers. They also add that financial inclusion that is dependent on the mobile phone must be low-cost, fast, secure and convenient.

Full article: The EastAfrican



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