Uganda: How Whatsapp Pay will smash mobile money in Uganda and Kenya

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Masrcorp



With over 19 Million Ugandans connected on the internet as of Dec, 2017, which is approximately 42.9% of the population according to Internet World Stats, Whatsap is going to change the game of mobile payment. 

The mobile money and mobile banking platforms are at stake here, with billions of shillings pocketed by MTN and Airtel annually as sending and withdrawing fees, the industry is juicy and obviously has an even better outlook as more and more Ugandans get online each day, Whatsap pay’s timing doesn’t come as a surprise.

However, international mobile payment platforms such as PayPal have had a difficult time penetrating the local market in Uganda. Banks in Uganda have been wrestling to win the mobile payments war. 

Centenary bank for example is investing heavily in a cente agency banking project that aims to catch up with mobile banking. Other banks are also on the same path, these include Equity bank’s Equiduuka, Eco bank and more banks in the pipeline.

Credit: Equity Bank

Forget hefty mobile money and mobile banking charges.

Unfortunately the feature is in beta mode. Whatsap is testing the feature in India, but very soon it will hit the mass market and I’m sure it will be a game changer in Uganda. 

I will keep updating you on this feature as soon as relevant information is officially available

Also please if you are a home or business owner, I’ve made a great insight into The 5 Best solar companies in Uganda
It will help you make a great insight into solar systems and guide you in choosing the best for your premises. It’s a good read.

That’s from me for now.

Don’t forget to subscribe and yes, it’s a Varley's garage thing! U have to understand.

Chao

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