The effect of Mobile Money in the Banking Sector in Uganda; A legal analysis.

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Kampala International University, School of law.
:\1obilc money transactions today, have taken over the payment .systems offerings such as air time purchase, person to person, and person to business money tramjers. And as such mobile money is considered by many as another mode in the banking system; this has been through commercial banks- partnering with mobile money in the modal which are mandated by law to maintain an account .for the "cash float" ensuring that a regulated .financial institution holds the physical backed the issued e-money. The impact of mobile money is paramount and this has been mani.fested.for years since its introduction in 2009 in the Ugandan banking .system. The Ugandan economy is gro·wing due to mobile money contrihution. Nevertheless the challenges !hereto cannot be ignored as !hey sland to be realized with the growing economy and this has jitrlher created a legal gap since the existing laws do no/ adequately accommodate the new product on the market. But the mobile money contribution ~~· I hat raises issues.
A dissertation submitted to the Faculty of Law in Partial Fulfillment of the Requirements for the Award of the Degree of Bachelors of Laws of Kampala International University
Mobile Money, Legal Analysis, Effects, Banking Sector, Uganda