Member series: Uganda’s journey to inclusive finance through digital financial services

In Uganda, formal financial inclusion has nearly doubled since 2009, increasing from 28 percent in 2009 to 58 percent in 2018.

This has been driven largely by digital financial services, namely mobile money. Current evidence indicates that access to financial services, especially through digital financial services, has the potential to increase income-generating capacity, manage risks, lower the cost of money transfers and improve savings behavior.