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Uganda
Uganda mobile money
Scheme name: Uganda mobile money
IIPS Type: Mobile money
Instruments: E-money
Channels: Agent, USSD, App, POS, QR
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Social disbursements (G2P), Inventory & business services (B2B), Salaries & wages (B2P)
Inclusivity level: Basic
Year of establishment: 2017
System owner: None (bilateral agreements)
Overseer: Bank of Uganda
Operator: Pegasus/Bilateral agreements
Total Participants: 14
Volumes 2023: 6,360,000,000
Values 2023: 60,396,953,004 USD
Back to map| Category | Uganda mobile money |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Uganda |
| Scheme governance | None (bilateral agreements) |
| Settlement agent | Central Bank of Uganda |
| Participants - commercial banks | 0 |
| Participants - MMOs | 14 |
| Participants - non-bank PSPs | 0 |
| Participants - MFIs | 0 |
| Volumes 2019 | 2,840,000,000 |
| Volumes 2020 | 3,530,000,000 |
| Volumes 2021 | 4,290,000,000 |
| US$ Exchange Rate 30 April | 3,793.9000 |
| Values 2019 | 19,267,771,950 USD |
| Values 2020 | 24,705,448,220 USD |
| Values 2021 | 36,616,674,135 USD |
| Values 2022 | 43,651,651,335 USD |
| Values 2023 not-on-us transactions (US$) | N/A |
| Values 2023 on-us transactions (US$) | N/A |
| Total value of instant payment transactions 2023 (US$) | 60,396,953,004 USD |
| Interoperability arrangement | Multilateral |
| Ownership model | Participant-owned |
| Governance Typology | Private association |
| Scheme rules shared or publically available? | No |
| Messaging standard | N/A |
| Types of proxy IDs | Mobile phone number; QR code |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | Yes |
| CB governance involvement | No |
| Expanded use Cases | No |
| Minimum channel functionality | Yes |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | No |
| Recourse | No |
| Not-for-loss | No |
| Status | Potential to reach progressed level |
| Strengths/drivers | Fulfilment of basic criteria provides a good base to progress further on the inclusivity spectrum. Already fulfills pro-poor governance criteria. |
| Areas of development | Areas for development include participation of banks to facilitate cross-domain transactions as well as involvement of central bank in governance. |
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