Nicholas Kamazi has an interesting perspective in his article, 5 Reasons Mobile Money Is Going To Die By 2020, which I fundamentally disagree with. While he caters for challenges with Mobile Money (MM), he does not take into account who uses MM and why, which are the reasons for the pervasive nature. Rebutting each reason for the death of MM:

  1. Death of Feature phones:
  2. Digital Currency: Africa in general and Uganda in particular, are cash economies. MM just allows people to move money from one place to another very quickly.
  3. Unnecessary Charges:
  4. Capital Investment:
  5. Business environment shift: the telecoms are here to stay, and MM will evolve along with the business environment.

Mobile Money is here to stay as it is:

Your thoughts?