Facilitating financial inclusion through promoting the use of mobile money as a saving avenue
Source: Economic Policy Research Centre
Date: August 2017
Description: Mobile money has gained so much prominence in the developing world in recent times due to its potential to bring on board the financially excluded people in the rural areas and transform the mainly cash economies of developing countries into a cashless economies. However in Uganda, the use of mobile money as a saving mechanism has not gained as much impetus as the transfer and payment strands. In this policy brief, we examine the probable reasons explaining why the saving strand has remained unpopular within both the Mobile Network Operators (MNO) and amongst the population.