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Why Uganda’s remittances are shifting to mobile money
The inflows were spread across more than 16 million transactions, producing an average remittance size of just $152 (sh570,000). Payment service providers (mobile money firms) manage 57% of incoming remittances.
Why Uganda’s remittances are shifting to mobile money
By: Ali Twaha, Journalist @New Vision
KAMPALA - Mobile money platforms have overtaken traditional banks and cash pick-ups as the preferred channel for Ugandans in the diaspora sending money home.
The shift is likely due