Uganda Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Uganda Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A1447
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Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Mobile money allows subscribers to transfer money and make payments for services and products via mobile phones. Mobile money is gaining popularity in Uganda as they offer enhanced security features and convenience to users.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Mobile money adoption is growing at a strong pace in Uganda. In an underdeveloped financial infrastructure in the country with a large number of people having no formal bank account, the mobile money market in Uganda leverages the ubiquity of mobile phones and the convenience offered by the service to the consumers. Mobile money facilitates faster money transfer, safe and secure transaction, affordability and cross border money transfer. Increasing internet penetration in the country has also supported the growth of the market. Mobile money in Uganda has overtaken cash pick-up and bank deposits as the favored method to receive money. Moreover, increasing awareness, urbanization and ever-changing technology has further encouraged the adoption of mobile money services in the country. The ease of using an application on mobile phones for making a transaction have made people familiar with the innovations, thereby fueling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Uganda mobile money market report, along with forecasts for the period 2022-2027. Our report has categorized the market based on technology, business model and transaction type.

Breakup by Technology:

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • USSD
  • Mobile Wallets
  • Others


Currently, USSD holds majority of the market share in the Uganda mobile money market.

Breakup by Business Model:

  • Mobile Led Model
  • Bank Led Model


Currently, mobile led model holds the largest share in the Uganda mobile money market.

Breakup by Transaction Type:

  • Peer to Peer
  • Bill Payments
  • Airtime Top-ups
  • Others


Currently, peer to peer transaction type holds the highest share in the market.

Competitive Landscape:

The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the key players include:

  • MTN Group Limited (MTN Uganda)
  • Bharti Airtel Limited


Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Business Model, Transaction Type
Companies Covered MTN Group Limited (MTN Uganda) and Bharti Airtel Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Uganda mobile money market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Uganda mobile money market?
  • What is the breakup of the Uganda mobile money market based on the technology?
  • What is the breakup of the Uganda mobile money market based on the business model?
  • What is the breakup of the Uganda mobile money market based on the transaction type?
  • What are the various stages in the value chain of the Uganda mobile money industry?
  • What are the key driving factors and challenges in Uganda mobile money industry?
  • What is the structure of the Uganda mobile money industry and who are the key players?
  • What is the degree of competition in the market?

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Uganda Mobile Money Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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