Tuesday, June 21, 2011

Mobile Money steadily unseating banks

/ On : 10:22 AM/ Thank you for visiting my small blog here. If you wanted to discuss or have the question around this article, please contact me e-mail at herdiansyah hamzah@yahoo.com.
By Brenda Apili

With the telecoms sector having introduced the mobile money technology in Uganda, people feel much more secure with their money on the cellphone. Formerly opening an account in a bank was the only way to keep money but now mobile cellphone hand sets are slowly replacing the account in the bank.

As long as one has a mobile phone he has an account. The mobile phone accounts have eased the sending and receiving of money unlike commercial banks where it takes time. Industry

Read more ...


Post a Comment