Mobile Money Card: A digital wallet for students in boarding schools in Uganda
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Date
2022Author
Kayondo, Terry William Jr
Kasirye, Edgar William Jr
Misinde, Arnold Jr
Masumbuko, Roy Arnaud Beckman Jr
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Show full item recordAbstract
In today’s fast-moving lifestyle, people need to access more convenient and secure financial
services to make their life more comfortable. To achieve this goal, Ugandans have turned to
using mobile money services more than any other financial services such as banking. Mobile
money services refers to financial services provided by a telephone company to people
enabling them to conduct electronic financial transactions using an account linked to a mobile
phone. As of today, MTN Mobile Money and Airtel Money are the dominant players in the
industry. Although mobile money services have been adopted by the majority of people, over
30 millions registered mobile money customers in Uganda (Uganda Bureau Of Statistics,
2020), there is one population segment that has not yet been able to access these financial
services, that is the student population, especially for those under the age of 18 and those
attending boarding school. We believe that youth financial inclusion is a key point in the
development of a country, that is why we have proposed a study for the development of an
information system that will enable boarding school students to have access to these
electronic financial services.
This study investigates how a digital wallet with a high level of usability can be designed to
solve the problem. The research process consisted of a literature study for gathering all the
requirements for such a system and the development of a prototype, whose usability has been
evaluated, as well as the willingness of people to adopt this innovation using questionnaire
survey method. Results are presented in this report and conclusions are drawn. The study
shows most of the respondents are willing to adopt this product.
Consequently, this report is the story of that innovative solution. In the first part of the report,
we try to explain accurately the current state of affairs, present the literature we studied, and
provide an insight to the research methodology employed. In the second part, we present our
proposed solution, give an analysis of its requirements, provide design representations of the
system, and explain our process of implementing the system. Finally, we present our results
and evaluate the results.