Mobile money hype in Uganda leads to increased competition among telecom providers

“…the value of mobile money transactions in Uganda jumped by 40% in 2013, while the number of transactions increased by 65% in 2013 from 241.7 million transactions in 2012 to about 400 million transactions last year.”

As Uganda’s mobile money industry continues to explode new players are putting emphasis on “unique innovations” to win the customers over. Do they have a viable chance of penetrating the telecom market?