e-Commerce and Payments in Uganda

Rapid economic growth due to mobile money.

Card-based Payments

Cash-based Payments

Bank Transfer

Wallets

Smartphone Penetration

Internet Penetration

Type
e-Wallet

Regions
Africa

The emergence of digital payments has driven the expansion of e-commerce in Uganda, allowing businesses to access the vast online market. According to Jumia, one of Africa’s top e-commerce platforms, the number of online buyers in Uganda rose by 60% in 2020.
Large, well-capitalized global banks dominate Uganda’s financial sector. Mobile money transactions are used by far more Ugandans than traditional bank accounts.
Retailers in Uganda often accept cash payments for consumer products. Open accounts, letters of credit, and documented collections are also used for transactions. Normally, exporters of capital goods or other equipment, machinery, and services seek payment via wire transfers.