More Ugandans embracing mobile money, saccos

A Uganda Finscope survey for 2018 indicates a sharp increase in the number of Ugandans who use financial services.

The total value of mobile money transactions grew from $9.7 billion in June 2016 to $16.3 billion in June 2017, according to Bank of Uganda data. The survey shows 50 per cent of savers save informally with village savings and credit associations and trusted community members.

Full article: The EastAfrican



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