Ugandan fintech business Numida says that 99 percent of their loans are made using mobile money.
Representatives of Uganda’s comms regulator flew 2,300 miles just to ‘benchmark’ the performance of Ghana’s national RA system.
The local authority that said Kampala’s mobile money kiosks were illegal had previously issued licenses for the kiosks and charged fees for those licenses.
Ugandan lawyer Dalie Tibugwisa has identified the key regulatory challenges for mobile money in Uganda and more generally.
Stanbic Bank Uganda, MTN Uganda and Airtel Uganda said they faced “unprecedented technical challenges”.
Here are eight recommendations for any telco revenue assurance team confronting the risks of issuing loans via their mobile money service.
A Wall Street Journal investigation says Huawei staff intercepted encrypted messages by opponents of Uganda’s government, and helped Zambia’s police to arrest opposition bloggers.
President Museveni said the 1 percent tax on mobile money withdrawals was a known ‘error’, but approved that law anyway. Now his government has cut the tax to 0.5 percent.
Governments are nationalizing telco revenue assurance so they can impose stealth taxes, but Ugandan plans are awry after the police needed tear gas and bullets to disperse anti-tax protesters.
President Museveni is responding to a spate of kidnappings, but banning scratch cards will also benefit telcos by reducing fraud.