Financial Inclusion in Action

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Survival of the Fittest: The Evolution of Frauds in Uganda’s Mobile Money Market (Part-II)

In the first blog of this series we outlined the evolution and increasing sophistication of fraud in Uganda. The ingenuity of fraudsters is impressive. But what about the MNOs’ response? Have the providers set up systems improvements and processes geared toward checking such frauds? Talking to the staff of leading mobile money providers in Uganda,… Continue reading

Survival of the Fittest: The Evolution of Frauds in Uganda’s Mobile Money Market (Part-I)

Uganda has seen an explosive growth in mobile money adoption in the last few years, growing from 550,000 active users in 2009 to 5.2 million in 2012 (active on a 30 day basis) according to the Economic Regulation Unit’s Broadcasting & Telecommunications Market Review 2011/12. Now, the rate of mobile money account ownership outstrips bank… Continue reading

The OTC Trap – Impact on the Business Case for Uganda’s Mobile Network Operators

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Mobile money providers in Uganda are well aware of the Over The Counter (OTC) trap and its implications, but their response to it will be the subject of another, later blog. This blog examines why OTC matters – enormously – to all stakeholders in digital financial services (DFS). As highlighted by Pawan Bakshi, in “Beware the… Continue reading