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Uganda

Uganda mobile money

Scheme name: Uganda mobile money

IIPS Type: Mobile money

Instruments: E-money

Channels: POS, USSD, Agent

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 mapMore information about this topic
CategoryUganda mobile money
Geographic reachDomestic
Geographic descriptionUganda
Scheme governanceNone (bilateral agreements)
Settlement agentCentral Bank of Uganda
Participants - commercial banks0
Participants - MMOs14
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 20192,840,000,000
Volumes 20203,530,000,000
Volumes 20214,290,000,000
US$ Exchange Rate 30 April3,793.9000
Values 201919,267,771,950 USD
Values 202024,705,448,220 USD
Values 202136,616,674,135 USD
Values 202243,651,651,335 USD
Values 2023 not-on-us transactions (US$)غير متوفر USD
Values 2023 on-us transactions (US$)N/A
Total value of instant payment transactions 2023 (US$)60,396,953,004 USD
Interoperability arrangementMultilateral
Ownership modelParticipant-owned
Governance TypologyPrivate association
Scheme rules shared or publically available?No
Messaging standardN/A
Types of proxy IDsMobile phone number; QR code
Use of open APIsYes
QR code standard N/A
Pro-poor governanceYes
CB governance involvementNo
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo
StatusPotential to reach progressed level
Strengths/driversFulfilment of basic criteria provides a good base to progress further on the inclusivity spectrum. Already fulfills pro-poor governance criteria.
Areas of developmentAreas for development include participation of banks to facilitate cross-domain transactions as well as involvement of central bank in governance.

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