Boston, September 15, 2020 – Ugandans clearly needed a way to conduct their everyday business without having to rely on cash transactions, and mobile phone technology was available to create a digital payments platform. The challenge was not just to create a payments platform but instead to build a complete payments ecosystem that could support every aspect of the Ugandan economy. Airtel Money Uganda achieved this objective and has created a comprehensive payments ecosystem for Uganda.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by organizations that leverage technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, and/or levels of automation and effectiveness that are bringing our industry one step closer to the next generation of financial services offerings. Other reports in this series feature Aite Group’s Impact Innovation Award in Digital Wallets for customer experience, merchant experience, product design, and value-added services.

Clients of Aite Group’s Retail Banking & Payments service can download this nine-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Money Uganda, Comviva, Express Money, Instant Cash, Juba Express, Mama Money, MTN, and Remitly.