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Uganda Ranked 3rd in New Financial, Digital Inclusion Analysis

Mobile money has served as the primary driver of financial inclusion in Uganda

Uganda has been ranked third in the new report by the Centre for Technology Innovation and the Brookings institution on Financial and Digital inclusions analysis.

The Financial and Digital Inclusion Project (FDIP) evaluates commitment to and progress toward financial inclusion across a set of 26 geographically, more about http://craigpatchett.com/wp-admin/includes/media.php politically, view and economically diverse countries.

The FDIP report assesses these countries’ financial inclusion ecosystems based on four dimensions of; country commitment, mobile capacity, regulatory environment, and adoption of selected traditional and digital financial services.

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Uganda scored 78% of the total possible points across all four dimensions, ranking 3rd out of 26 countries on an overall score.

Infographic displaying some of the examined counties’ scores

Infographic displaying some of the examined counties’ scores

The report observes that mobile money has experienced strong takeup in Uganda, which featured the second-highest level of mobile money account ownership among the FDIP countries.

It however notes that confidence in these services may have been affected by a shutdown of mobile money services that occurred during the February 2016 presidential and primary elections.

“Uganda has demonstrated its commitment to advancing financial inclusion through digital mechanisms, including by creating a joint working group on Mobile Money Financial Services between the Bank of Uganda and the Uganda Communications Commission and by developing guidelines on mobile money services.

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