Uganda Telecom to Upgrade Mobile Money Platform

Tuesday, March 18, 2014

Over the years, telecom customers have embraced the use of the handset to do business because of the convenience it offers them compared to other traditional ways of handling and accessing money.

However it has not been a glowing journey as technological hiccups continue to challenge the industry necessitating that service providers keep on upgrading to newer technology to meet the demands of the market.

Uganda telecom despite being the oldest telecom company has not been performing well on all fronts with dwindling customer base, financial constraints brought about by a number of problems including political factors.

Source: East African Business Week (link opens in a new window)

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digital payments, mobile finance, mobile money