0
Wireless

Uganda mobile money transactions pass UGX 10 trillion in December

Wednesday 17 February 2021 | 11:27 CET | News
Uganda's mobile money transactions hit an all-time high in 2020, with total monthly deposits and withdrawals passing UGX 10 trillion in December 2020, the Monitor reported. Data from the Bank of Uganda indicates that the value of mobile money transactions grew by 28.2 percent over the full year 2020, and the number of transactions increased 25 percent during the same period.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Countries: Uganda
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ugandan fintechs expect to lose UGX 666 bln daily in internet shutdown

Published 18 Jan 2021 15:16 CET | Uganda
Ugandan financial technology companies say they expect to lose at least UGX 666 billion daily after the government shut down the ...

Uganda telecom revenues recover to reach UGX 1.1 trillion in Q3

Published 11 Jan 2021 09:47 CET | Uganda
Uganda's telecom industry posted a 15 percent recovery to UGX 1.1 trillion in revenues in Q3 2020, following a depressed ...

MTN Uganda to reward MoMoPay customers with discounted shopping during festive season

Published 16 Dec 2020 14:29 CET | Uganda
MTN Uganda says it will reward MoMoPay customers during the festive period with discounts on their daily shopping, in a promotion ...

MTN Uganda cuts Mobile Money withdrawal charges

Published 05 Nov 2020 10:49 CET | Uganda
MTN Uganda has cut its rates for clients withdrawing money via the mobile money network, The New Vision reported citing  a ...

MTN, Airtel Uganda restore mobile money services

Published 14 Oct 2020 09:39 CET | Uganda
MTN Uganda and Airtel Uganda have announced the restoration of mobile money services between the two networks. A joint statement ...

Ugandan mobile money transaction values rise 19% in year to June

Published 02 Oct 2020 09:32 CET | Uganda
Mobile money transactions grew by 19.3 percent to UGX 79.8 trillion for the year ending 30 June, according to the Bank of Uganda, ...





Calendar   /   Industry Events

17 Feb Analog Devices fiscal Q1
17 Feb CommScope Q4 2020
17 Feb Doro Q4
17 Feb iQiyi Q4 2020
17 Feb Radcom Q4 2020
17 Feb Baidu Q4 2020
17 Feb Terago Q4 2020
17 Feb FCC meeting
18 Feb Bouygues Telecom Q4 2020
18 Feb Arista Networks Q4
18 Feb Veon Q4 2020
18 Feb Casa Systems Q4 2020
18 Feb Roku Q4
18 Feb Vonage Q4 2020
18 Feb Siminn Q4 2020
18 Feb Orange Q4 2020
18 Feb CyrusOne Q4
18 Feb Cincinnati Bell Q4
19 Feb Rovio FY results
19 Feb TDS/USCellular Q4
22 Feb DZS Q4 2020
22 Feb Palo Alto Networks fiscal Q2
22 Feb Chorus interim results
22 Feb SBA Communications Q4
22 Feb Spotify Stream On event
23 Feb Net Insight FY
23 Feb Sierra Wireless Q4 2020
23 Feb Telefonica Brasil Q4 2020
23 Feb MWC Shanghai
23 Feb European 5G Conference
::: More Calendar Items