FinTech in Uganda: Implications For Regulation

Rowan, Philip; Garvey, Kieran; Zhang, Bryan Zheng; Soriano, Miguel; Umer, Zain; Cloud, Katherine; Cracknell, David J; Singh, Anup; Kutosi, Sam; Ahimbisibwe, Doreen

doi:10.2139/ssrn.3621272

Cited by 4 publications

(3 citation statements)

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“…This potential is based on Africa's global leading position in terms of adopting digital finance and mobile money, the relative low penetration of traditional financial institutions, as well as crowdfunding's cultural fit with traditional funding practices. Evidence shows that digital financial solutions have been expanding access and reach to consumers, especially for the unbanked and under-banked, while significantly lowering costs of such services and making it possible to serve the base of the pyramid in a more profitable way (Rowan et al 2018). Furthermore, mobile money became an important component in Africa's financial services landscape, as driven by more than 140 mobile money service firms catering to one in every ten African adults (Chironga et al 2017).…”

Section: Introductionmentioning

confidence: 99%

Crowdfunding in Africa: Opportunities and Challenges

Chao

Serwaah

Peprah

et al. 2020

Advances in Crowdfunding

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The chapter presents the current state of crowdfunding research and practice in Africa while outlining opportunities and challenges associated with them. Conditions of growing popularity of digital and mobile finance, low penetration of traditional financial institutions, and a long cultural heritage of communal mutual support may enhance crowdfunding uptake. On the other hand, conditions of unclear regulation, relatively low levels of internet access, and societies characterized by low social trust may all hinder crowdfunding uptake. Accordingly, African crowdfunding is at its infancy and involves transitory hybrid practices of early adoption, often involving reliance on foreign contributors via donations and pro-social lending platforms. To ensure future development, stakeholders should engage in relevant policy development, technological adaptations, raising public awareness, reducing user entry barriers, and creating incentives for trial.

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Section: Introductionmentioning

confidence: 99%

Crowdfunding in Africa: Opportunities and Challenges

Chao

Serwaah

Peprah

et al. 2020

Advances in Crowdfunding

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“…By 2017, the total market volume of Ugandan FinTech companies was approximately USD 16 million, with an average annual growth rate of approximately 35% over the previous two years (Rowan et al, 2018). Furthermore, 71 of the 550 Ugandan start-ups currently and previously listed on Venture Capital for Africa are classified as FinTechs (Rowan et al, 2018). Payments, lending, investment and savings, banking, and markets are notable areas of operation for FinTech in Uganda.…”

Section: Introductionmentioning

confidence: 99%

A Fintech-Backed Effective Mosque-Funds Mobilization and Collection Framework in Uganda

Hamzah¹,

Haji-Othman

Cheumar

2023

ITQAN

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This paper's purpose is to explore the role financial technology (FinTech) plays in the effective finance mobilization and management in Mosques in Uganda. This paper looks into the concept of FinTech, its evolution, operation in Uganda and goes further to propose an effective framework through which it can contribution to the effective Mosque funds mobilization and management in Uganda. Financial technology, also known as FinTech, is sub-domain of information technology that is often used to underscore new technological systems that automate, speed up and effectively deliver transactions and financial information through specialized software and hardware built for specific purposes. This qualitative research aims to propose an effective FinTech-backed framework through which mosques can achieve higher funds (Zakat, Sadaqa etc.) collection margins as compared to the traditional methods.

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“…Investments in Fintech companies in the Asia-Pacific region have nearly doubled, reaching 62%, highlighting the remarkable growth in Fintech investments. This trend is significant as Fintech is increasingly viewed as a major investment area for competitive financial institutions, further driving the development of Fintech across various domains (Rowan, 2018).…”

Section: Introductionmentioning

confidence: 99%

A Phenomenological Study of Fintech Entrepreneurs’ Experiences on an Establishment of Fintech Start-Ups

Masrina Nadia Mohd Salleh, Rahayu Tasnim

2023

tjjpt

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This paper focuses on Fintech Entrepreneurs’ experiences on establishment of Fintech Start-ups. This study was conducted in Kuala Lumpur, Malaysia, the hub for establishing Fintech start-ups. The phenomenological design has been utilized as qualitative method for this paper. The participants in this study were among the Founder or co-founder of Fintech start-ups. Open-ended, in-depth interviews were carried out, and data was transcribed into codes and themes with an assistance of NVivo. The research findings indicate that the Fintech Entrepreneurs have expressed their different attitudes towards the establishment of Fintech start-ups.

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FinTech in Uganda: Implications For Regulation

Cited by 4 publications

References 0 publications

Crowdfunding in Africa: Opportunities and Challenges

Crowdfunding in Africa: Opportunities and Challenges

A Fintech-Backed Effective Mosque-Funds Mobilization and Collection Framework in Uganda

A Phenomenological Study of Fintech Entrepreneurs’ Experiences on an Establishment of Fintech Start-Ups

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