Uganda makes it difficult to use $100 billion in digital payments
The move represents a significant shift in Uganda’s fiscal strategy. Instead of promoting electronic payments, regulators are now pushing consumers and businesses away from cash and paper-based transactions and towards digital channels. From January 1, 2027, individuals will be allowed to withdraw a maximum of $13,700 (UGX50 million) per day and $68,500 (UGX250 million) per …