The days when you had to spend USh10,000 on bus fare just to deliver USh20,000 to a relative in the village or join a long queues in banking halls to pay bills are soon coming an end.

The advent of mobile money, a platform which allows people to use their phones to transfer money, conduct banking services and pay for goods and services, has started to gather an unexpected pace.

The massive uptake of the mobile commerce platform as opposed to traditional banks can be explained by the rapid growth of mobile phone penetration.

With a population of about 32 million people, Uganda has over 10 million mobile phone subscribers and only about three million bank account holders.