Percentage of mobile money users increases

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In 2009 mobile money users were around 28% which was less than all other African countries who had embraced the use of money but according to a new report from the bank of Uganda shows that the usage of mobile money has from 28% to the current percentage 58 %.

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The report shows that Uganda is currently catching up with traditional leaders like South Africa 89 percent, Kenya 75percent, and Rwanda 68 percent.

While realizing the report at the 26th Joseph Mubiru memorial lecture today Bank of Uganda governor Emmanuel Tumussime Mutebile says if the current growth trend continues Uganda will be able to catch up with Kenya within two years.

He says currently now 6 out of 10 Ugandans use mobile money services for their daily money transactions the ones who have not embraced it are at 42 percent and numbers dropping.

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