Table 1 The evolution of mobile money in Uganda

March 2009

Mobile money is introduced in Uganda

March 2009

Domestic transfers/remittances P2P introduced

July 2010

Government payments of social benefits (G2P) introduced

January 2010

Merchant payments – enabling SMEs and corporates to receive payments P2B introduced

June 2011

Financial Consumer protection guidelines took effect

October 2013

Mobile money guidelines came into force

April 2014

Mobile banking; transfers from bank account to M-wallet commences

June 2015

Bulk payments: salaries, wages B2P e.g. sugar, tea and construction firms commence

August 2015

Cross border transfers enabled

November 2015

Statutory payments (Taxes) P2G commences

March 2016

Group wallets for SACCOs and VSLA on the mobile money platform

June 2016

International transfers enabled

August 2016

Micro loans and savings program on the mobile money platform Introduced

January 2017

Insurance service on the mobile money platform introduced