Mobile money value reaches 72 per cent of 2025 total

What the report says

Mobile money use in Uganda continued to expand strongly in the first seven months of 2026, according to Bank of Uganda data cited by Uganda Business News. The service recorded transactions worth Shs263tn, or about $71.4bn, a total that the report said was already equal to 72 per cent of the full-year 2025 figure. It also processed 5.8bn transactions during the period, underscoring how widely the payment channel is used for transfers, bill payments and purchases.

The report said registered customers reached 59.8 million in July, with 38 million active in the previous 90 days. That active user count was described as 9.1 per cent higher than the 34.6 million reported in June 2025. Mobile money agents also increased, reaching 1.3 million in July compared with 833,000 two years earlier, reflecting the role of cash-in and cash-out networks in the system.

Growth in transaction value remained robust, rising 32.5 per cent in the first half of 2026 to Shs224.8tn. Transaction volumes grew more slowly at 11.9 per cent, suggesting larger average payments rather than just more activity. The average payment rose to about Shs45,600. Uganda Business News said the central bank data did not break the figures into person-to-person transfers, merchant payments or cash movements, so the totals should be read as overall recorded mobile money value rather than a detailed use-by-use breakdown.