For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their…
A decade ago, Africa’s fintech revolution began as a response to one of the continent’s most persistent challenges: access to finance. In 2011, only 23% of people in sub-Saharan Africa had access to formal financial services, according to the World Bank. The launch of M-PESA in Kenya marked a turning point, proving that mobile technology could leapfrog traditional banking barriers. By enabling millions to send and receive money using basic feature phones, M-PESA laid the foundation for a continental digital finance revolution. As mobile penetration surged, surpassing 500 million unique subscribers by 2022 (GSMA), fintech startups began filling the gaps…
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At least UGX 88.1 billion remains unclaimed in closed mobile money and other e-money accounts, a Bank of Uganda report shows. The money, which is currently held Bank of Uganda (BoU), has been accumulating for over four years since the central bank took over the regulation of mobile money and e-money service providers. Details contained in the Bank of Uganda 2024/25 Integrated Annual Report indicate that during the 12 months to June 30, 2025, mobile money and e-money providers transferred UGX 10.8 billion in closed-account balances to the central bank for safekeeping. However, the report notes that by the reporting…
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Airtel Africa is preparing to take its mobile money arm, Airtel Money, public in the first half of 2026, with Citigroup advising on the process, a Bloomberg report shows. The move is part of a long running plan by the telecom operator to unlock value from its fast growing financial services business, which has become a core driver of revenue and profitability across its African markets. Executives have already begun meeting investors in Dubai, a signal that the Gulf region could play a significant role in shaping the offering. While the company has not committed to a final decision on…
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Bank of Uganda (BoU) Governor Michael Atingi-Ego has advised Ugandans who believe they have been defrauded through mobile money to first report the matter to their service provider and, if dissatisfied, escalate it to the central bank, particularly where mobile-money operations are involved. The Governor, in a statement today noted that the BoU is not aware of any unresolved complaints routed through the proper channels and invited the public to share concerns with the Directors of Communications & Public Relations and National Payments Systems for follow up. The governor’s notice comes as Airtel Mobile Commerce Uganda Limited (Airtel Money) issued…
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By David Birungi We have all seen the campaign on his Twitter (X) handle. Dr Spire, an accountability crusader, uses his now huge following on social media to hold government,…
In this exclusive interview, Moses Akampurira, Digital Products Lead at Letshego Uganda, gives us a front-row seat into how this breakthrough is unfolding on the ground. Powered by real-time behavioural…
Looking back, 10 years ago, the whole concept of credit health was just beginning to take shape—banks were only starting to engage, and technology hadn’t really entered the scene yet….
In Uganda’s fast-evolving digital financial landscape, two telecom titans—MTN MoMo and Airtel Money—are locked in a high-stakes, trillion-shilling duel. Their battlefield? Mobile money. Their weapons? Revenue, reach, profitability, and performance….
S-Wallet is revolutionizing the way pocket money is managed through a smart, secure, and digital-first approach. What started as a simple digital pocket money solution is now powering a new…
