October 14

Press Release: Uganda Posts Growth in Mobile Money Accounts During Pandemic, Mobile Subscribers Shrink

By Nicholas Agaba

The mobile money market in Uganda posted another growth in the second quarter of 2020, with 500,000 new registrations, according to the latest telecommunications report from the Uganda Communications Commission (UCC).

The growth to 25.9 million accounts was, however, smaller than what had been seen in the first quarter.

“Similar to the preceding quarter, the bulk of new mobile money account registrations was derived from the incumbent subscriber base,” reads the report.

Photo courtesy of Simon Berry.

Source: The Kampala Post (link opens in a new window)

Coronavirus, Finance, Technology, Telecommunications
financial inclusion, fintech, telecommunications