Picture those days when you had to spend Shs10, 000 on bus fare to deliver just Shs20, 000 to a relative. Or imagine the long queues in the banking halls when you want to pay utility bills or your child’s school fees.

The advent of mobile money, a platform which allows people to use their mobile phones like wallets to transfer money, pay for goods and services and conduct banking services, has started to have a transformative effect at a faster pace than previouslyenvisaged.

The massive uptake of the mobile commerce platform as opposed to traditional banks can be explained by the rapid growth of mobile phone penetration, creating a fertile ground for service.