Absa enters instant digital loans amid rising mobile money dominance
With mobile money transactions soaring to UGX 253 trillion in 2024, telecom operators are tightening their grip on Uganda’s digital lending market, forcing traditional banks to innovate or risk falling behind. In response, Absa Bank has launched instant digital loans—a move that signals intensifying competition and aligns with national digital transformation efforts. Ronah Nahabwe reports.
