06 Mar Uganda eCommerce and Online Payment with MTN Mobile Money and Airtel money

A cooperative venture between MTN Uganda and Airtel called Mobile Wallet Services has recently been launched to facilitate movement of money using mobile phones.

The service received the backing of the Bank of Uganda with a mission to improve financial inclusion.  

eCommerce and eCommerce payment in Uganda is relatively underdeveloped and can make it tough for multinational eCommerce companies to enter the territory.   Almost half of the 40m population of Uganda has access to mobile money.

The linking of the mobile money platforms MTN mobile money, Airtel Money and Centenary Bank is improving access for consumers to mainstream banking and financial services.  This doesn’t yet extend to eCommerce and online payments but bodes well for the future in terms of alternative payments for online payment of eCommerce goods in Uganda.

Airtel Money and MTN Mobile Money are represented across Africa.  Internet in Uganda is limited and most connections are by way of mobile phone.  eCommerce is in the embryo stages in Uganda but it is a friendly market to operate in and as East African eCommerce payments, online payments and alternative payments grow, there will be good opportunity to target Ugandan consumers for eCommerce.

If you are a multinational looking for eCommerce payment or online payment in Africa, please contact African Payment Solutions for more info.

Our thanks to http://mobilemoneyafrica.com/content.php?id=2342 for their content inspiration