MOBILE MONEY: M PESA IN UGANADA

Nakyajja Joan*1, Revanth Kumar. G2

Affiliations
1, 2* Department of Business Management, Nizam College (Autonomous), Hyderabad- 500029, Telangana, India.

ABSTRACT

M-Pesa, a mobile-phone based electronic payments system has become an asset to all kinds of people in
Uganda because of its convenience, reliability and popularity. M-Pesa has recently proven to be a major
power as a company and in terms of usage to the people of Uganda due to its capabilities to transform the
financial fabric of society particularly for traders between Kenya and Uganda. Since its launch in 2015,
M-Pesa has contributed to the reduction of communication costs in some parts of Uganda as a developing
country from prohibitive levels to amounts that are in comparison, virtually trivial. This has left a major
impact to mobile advocates who are extremely enthusiastic about its present performance. So now with its
international acclaim and all the support it’s receiving in the Ugandan market, M-Pesa is set to transform
the way the world does its transactions.
KEYWORDS
M Pesa; Mobile; Money; Kenya; Uganada.
JEL CLASSIFICATION
R52, R55, R3, G4, Z0.
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