Uganda Mobile Money Market Expected to Rise at 31% CAGR during 2019-2024

1. Uganda Mobile Money Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Uganda Mobile Money Market Overview: According to the latest report by IMARC Group, titled “Uganda Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the Uganda Mobile Money market size reached a value of US$ 25 Billion in 2018. Mobile money is an electronic wallet service that enables the user to store, receive and save money with the use of their mobile phones. The digitized format of these electronic wallets or mobile wallets allows consumers to make secure payments. Mobile wallets can be broadly categorized into closed, semi-closed and open wallets. Amongst these, closed wallets help in making a direct purchase from a specific merchant, whereas semi-closed are useful for multiple merchants if they have a contract with the payment portal. On the other hand, open wallets are typically used for any transaction and help consumers to withdraw the money sent to their account. In Uganda, with the proliferation of mobile phones, mobile network operators (MNOs) have been expanding from voice calling and SMS into the mobile money industry. Uganda Mobile Money Market Trends At present, consumers in the country are using electronic wallet services for numerous purposes, such as paying school fees, market purchases, and hospital, utility and restaurant bills.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 It has also been noted that the transactional motives of mobile money has stronger macroeconomic effects as compared to savings motives. These micro- and macro-economic benefits have encouraged the Government to promote mobile money across the country. Looking forward, the market value is projected to reach US$ 132 Billion by 2024, expanding at a CAGR of around 31% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/uganda-mobile-money- market/requestsample

5. Report Description and Highlights Report Description In recent years, the citizens of Uganda have been gaining interest in the potential benefits of new financial innovations introduced in the country to support the reduction of poverty and promote economic growth. This interest is primarily directed toward mobile money as it have positively affected the consumer price index, average economic activity, monetary aggregates, and private-sector credit. Key Market Segmentation: Market Segmentation by Technology • • • USSD Mobile Wallets Others The market has been segmented on the basis of the technology, which mainly consists of unstructured supplementary service data (USSD), mobile wallets and others. Amongst these, USSD is the most popular technology. For more information, click here: https://www.imarcgroup.com/uganda-mobile-money-market

6. Report Description and Highlights Report Description Market Segmentation by Business Model • • Mobile Led Model Bank Led Model The report has bifurcated the market according to the business model, which includes the mobile- and bank-led models. Currently, the mobile-led model is most preferred across the country. Market Segmentation Transaction Type • • • • Peer to Peer Bill Payments Airtime Top-ups Others Based on the transaction type, the market has been segregated into peer to peer, bill payments, airtime top-ups, and others. Amongst these, mobile money is primarily used for making peer-to-peer transactions.

7. Report Description and Highlights Report Description Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • MTN Airtel Browse Related Report Kenya Mobile Money Market Report: https://www.imarcgroup.com/kenya-mobile-money-market Tanzania Mobile Money Market Report: https://www.imarcgroup.com/tanzania-mobile-money- market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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