Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-11-18 03:46:40
Access to financial services has increased in recent years thanks to the eruption of mobile money. From its introduction in 2011 to date, more than 10 million accounts have been created far outstripping the banking sector’s numbers.
As a result, according to a survey by the Financial Sector Deepening (FSD), financial inclusion in Uganda has risen to 88 percent in 2023 compared to 77 percent five years ago.
While that is encouraging, it is also true that mobile money currently mostly serves as a conduit for the transfer of money — people receive money and cash it out. So while…
Read the full article on Uganda Monitor
, financial inclusion in Uganda has risen to 88 percent in 2023 compared to 77 percent five years ago){kind=link}