The latest report published by IMARC Group, titled “Uganda Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on the Uganda mobile money market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Uganda mobile money market size reached US$ 57.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 361.7 Billion by 2027, exhibiting a growth rate (CAGR) of 35.87% during 2022-2027.
Industry Overview and Application:
Mobile money is a digital pay-as-you-go application or financial service that involves exchanging and storing monetary funds through accounts. It is provided to customers by an entity that collaborates with mobile network operators and traditional banking networks. Mobile money does not require individual bank accounts to access and execute its diverse services, including check deposits, and balance inquiries. Apart from this, mobile money offers a secured user interface to ensure instant money transactions and allows tracking of historical transmission reports and promotes location-based payments, due to which it is used across the rural and urban areas of the nation.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Uganda Mobile Money Market Trends:
The underdeveloped financial infrastructure in the country, lack of formal bank accounts, and the increasing need for easy-to-use mobile applications to perform peer-to-peer (P2P) are majorly driving the market growth. Moreover, the shifting consumer inclination toward online money transaction services over cash pick-up and bank deposits, due to their secure, quick, and cross-border money transfer facilities, is supplementing the demand for mobile money in the nation. Additionally, the favorable initiatives being undertaken by Uganda regulatory bodies to promote the uptake of mobile money to achieve the objective of a cashless economy, improve tax collection, and ensure transparent transactions are propelling the market growth. Other factors, such as the rising penetration of internet services, the proliferation of smartphones, and growing consumer awareness regarding innovative technologies, are fuelling the market of mobile money in the region.
Uganda Mobile Money Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the uganda mobile money market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- MTN Group Limited (MTN Uganda)
- Bharti Airtel Limited
Key Market Segmentation:
The report has segmented the uganda mobile money market on the basis of technology, business model, transaction type.
Breakup by Technology:
- USSD
- Mobile Wallets
- Others
Breakup by Business Model:
- Mobile Led Model
- Bank Led Model
Breakup by Transaction Type:
- Peer to Peer
- Bill Payments
- Airtime Top-ups
- Others
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1447&flag=C
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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