ABSTRACT

This Research is aimed at the critical analysis of the laws governing mobile money banking, the relationships involved in mobile money operation there in, the regulatory concerns in the mobile money sector and the risks there in. The research also focuses on the challenges, loopholes and critics with in the mobile money sector and their possible solutions there into make mobile money a success. Furthermor,e Uganda’s mobile money has grown rapidly since its introduction in 2009 providing a convenient cheap and safe means of money transfer. Mobile money has spurred increased financial inclusion. The rapid growth has happened under conditions allow the first mover to reap the rewards of investments made. The rollout of mobile money services by mobile telecommunication companies in recent years has received overwhelming uptake by seeking to analyze the laws governing mobile money banking operations in Uganda. Lastly, the findings indicated that Uganda needs a regulatory system because it lacks laws governing the mobile money sector and law is needed as early as possible to make mobile money sector and a law is needed as early as possible to make mobile money a success.