Mobile Money Providers
M
MTN Mobile Money
42% Market Share
Uganda's largest mobile money service with over 10 million active users
Send money, pay bills, and access loans
MoKash savings and loan services
International remittance partnerships
A
Airtel Money
35% Market Share
Fast-growing mobile financial service with competitive rates
Money transfers and bill payments
Wewole loans and savings products
Cross-border transfers in East Africa
Why Mobile Money?
Mobile money services have revolutionized financial inclusion in Uganda, with 42% of adults using mobile money compared to 28% using traditional banks.
Accessibility
Available nationwide with minimal requirementsConvenience
24/7 access to financial services via mobile phoneAffordability
Lower fees than traditional banking servicesBanks
S
Stanbic Bank
Largest Bank
Uganda's largest bank by assets and market share
Extensive branch and ATM network
Advanced digital banking platforms
Comprehensive personal and business banking
C
Centenary Bank
Rural Focus
Leading microfinance and rural banking services
Extensive rural branch network
Agricultural and microfinance loans
Community-focused banking services
Money Transfer Services
W
Western Union
Global Network
Worldwide money transfer service with extensive agent network
Send money to/from over 200 countries
Cash pickup at numerous locations
Online and mobile transfer options
W
WorldRemit
Digital First
Fast online money transfers to mobile money and bank accounts
Direct transfers to mobile money
Competitive exchange rates
Send from over 50 countries worldwide
Diaspora Remittances
With approximately 1.4 million Ugandans living abroad, money transfer services are vital for remittances that contribute over $1.2 billion annually to Uganda's economy.
Speed
From minutes to 2-3 business daysFees
Vary from 0-8% depending on serviceOptions
Cash pickup, bank deposit, mobile moneyMore Financial Service Categories
Insurance Companies
Life and general insurance providers
J
Jubilee InsuranceU
UAP Old MutualL
Liberty Insurance+ 12 more
Forex Bureaus
Currency exchange services
C
Crown Forex BureauD
Diamond Trust ForexT
Thomas Exchange+ 25 more
SACCOs & Microfinance
Community-based financial institutions
F
FINCA UgandaP
Pride MicrofinanceW
Wazalendo SACCO+ 20 more
Financial Inclusion in Uganda
42%
of adults use mobile money services
28%
of adults have a bank account
$1.2B+
annual remittances from diaspora
66%
of adults have access to financial services
Source: Bank of Uganda, FinScope Survey 2023