Mobile phones can transform society
Posted Friday, October 18 2013 at 01:00
Sometimes one wonders why what works so well in Kenya does not work equally well in Uganda. Could it be because of the 6 to 1 man-efficiency disparity? For it is often said that only one Kenyan is enough where five Ugandans would be required, to carry out the same task.
A case in point here is how fast Kenyans have embraced the use of mobile money. In Kenya today, mobile money is not just for sending and receiving cash as is the case in Uganda. For instance, a whole retirement benefit scheme for the informal sector thrives under the “Mbao” Saving Scheme where Mbao is a cliché for Kshs20. The scheme works on the principle of members sending at least Kshs20 – a – day from their individual mobile money accounts, to the Mbao Retirement Benefit Scheme’s account.
This is exactly what we need in Uganda today, a similar saving method to be used as a tool for making gradual payments for goods and services. A mobile phone should be more than just a communicating device.