Xente Tech Limited: Discussing E-Payments and E-Commerce in Uganda

Allan Rwakatungu, CEO and Founder of Xente Tech Limited, shares his assessment of the e-payments and e-commerce sector in Uganda.

“The sector can be divided into two parts: e-payments and e-commerce. The e-payments sector has had an incredible boom since 2008, especially with mobile money which is estimated at almost 20 million accounts. We have seen a huge transformation. Mobile money started in 2008 and has become the largest transactional platform in Uganda. There is also M-PESA in Kenya and Tanzania. E-commerce is lagging a bit behind. A lot of what is driving e-payments is peer to peer transactions. That movement from peer to peer to commerce is what is coming next for the industry”, says Allan Rwakatungu.

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