Uganda: Airtel introduces mobile money saving solution

Friday, August 15, 2014

Airtel Uganda, in conjunction with Grameen Foundation, has developed a service that will allow Village Savings and Loan Associations (VSLAs) and other forms of savings groups, such as Chamas or investment clubs, to store their group’s cash as mobile money.

According to the company, this was made possible by a grant received from the GSMA mWomen Programme, which works with the mobile industry to increase women’s access to and use of mobiles.

Source: IT News Africa (link opens in a new window)

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Base of the Pyramid, financial inclusion, financial services, mobile money