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Uganda drops some mobile money taxes
Uganda's Cabinet, despite having been previously divided on the charges, on Monday agreed to remove some of the fees and revised the 1 per cent tax on withdrawals to 0.5 per cent.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Uganda President Museveni orders refund of mobile money ‘error’ tax
In a statement issued on Facebook, Museveni insists that the 1 per cent tax which he ordered to be reduced to 0.5 percent last week was passed in error and he signed the bill knowing it had an error.
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile money, regulations, social media, taxes, Uganda
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Ugandan Government Reviewing Controversial Mobile Money Tax, says PM Rugunda
"Government is now reviewing the taxes taking into consideration the concerns of the public" and an amended bill will be debated on July 19, said Rugunda.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Facebook launches Instagram Lite — a stripped-down version of the app for emerging markets
Instagram Lite is aimed at emerging markets which typically are dominated by lower cost Android devices. Users in these countries have limited data plans and that's where Lite versions of apps become important.
- Categories
- Technology
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Ugandans are furious with a new tax for using social media and mobile money
Uganda’s government has kept its promise: Many Ugandans woke up today (July 1) to find that if they hadn’t paid the new tax on social-media use, services like WhatsApp, Twitter, Facebook and Skype were inaccessible.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
- Tags
- Facebook, fintech, Internet, mobile money, Skype, social media, taxes, twitter, Uganda, WhatsApp
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Pew: Social media still growing in emerging markets but stalled elsewhere
In 2015-16, roughly four-in-ten adults across the emerging nations surveyed by Pew said they used social networking sites, and as of 2017, a majority (53%) use social media.
- Categories
- Technology
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Uganda’s parliament approves social media and mobile money taxes
The new taxes that take effect in the next financial year will see Ugandans pay a 1% tax on all mobile money transactions while they will also be charged 200 shillings ($0.027) for every day they access social networking sites like Facebook, Twitter and WhatsApp.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile money, social media, taxes, taxpayers, Uganda
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Why China’s Payment Apps Give U.S. Bankers Nightmares
The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies.
- Categories
- Inclusive Fintech
- Region
- Asia Pacific
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