Mogo, a prominent asset financier in East Africa, has reported financing over 500,000 smartphones in the region within 14 months, indicating a significant demand for affordable digital credit and flexible payment options. Notably, Uganda accounts for more than half of these financed smartphones during the same timeframe.

4G Capital has provided over $1 billion in loans to small businesses in Kenya and Uganda, reflecting a growing need for working capital among entrepreneurs often excluded from traditional financing. Since its inception in 2013, the Nairobi-based fintech has served approximately 800,000 customers and issued more than 7.6 million short-term loans.

Centenary Bank has launched Gonza Pay, a secure digital wallet aimed at enhancing financial transactions in Uganda. This initiative comes as the country experiences significant growth in digital financial services, despite a continued reliance on cash among many citizens, according to TechJaja.

Vodacom's FY2026 integrated report highlights the evolution of its My OneApp, which aims to create a super app ecosystem in Kenya. This development follows the success of Safaricom's M-PESA, which has transformed mobile money services from basic transfers to a comprehensive economic platform. My OneApp is set to incorporate 221 mini apps and has already attracted 9.4 million users, marking a significant shift in mobile financial services.

Kenya's mobile money sector experienced significant growth in the third quarter of the 2025/26 financial year, with subscriptions increasing from 51.4 million to 53.4 million between January and March 2026, according to the Communications Authority of Kenya. This represents a quarterly growth rate of 3.9%, amounting to approximately two million new subscriptions.

In Uganda, many workers are shifting from traditional office or factory jobs to platform-based work facilitated by smartphones. This includes various roles such as boda riders, delivery drivers, freelance graphic designers, and small traders utilizing digital marketplaces. This trend highlights the growing importance of digital work in the Ugandan economy, providing new opportunities for thousands of individuals.