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Mobile money takes over Uganda’s $2.5b remittance industry as bank role shrinks

Uganda’s remittance industry has undergone a dramatic structural shift, moving away from bank-led, cash-heavy transactions to a largely digital ecosystem dominated by mobile money platforms. For decades, international money transfers were controlled by traditional players such as Western Union, MoneyGram, commercial banks, and forex bureaus. Ugandans abroad sending money home—from cities such as Boston, Riyadh, […]

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