A Nexus Between Digital Payments and Economic Growth, Uganda

This study examined the impact of digital payments on economic growth in Uganda, focusing on the role of internet-based funds transfers, debit and credit cards, and point-of-sale systems in formalising economic activity and stimulating employment. Employing correlational and survey designs, data were collected from 336 respondents, including digital finance policymakers, agent banking staff, mobile money agents, and fintech users, using purposive, simple random, and convenience sampling. The study was conducted in Kampala, Wakiso, Butambala, and Bugiri districts of Uganda. Quantitative data were analysed using descriptive statistics, Pearson correlation, and regression analysis in SPSS version 30. The findings revealed moderate overall engagement with digital payments (M=2.71), with high usage for receiving remittances (M=4.55) and increasing cashless transactions (M=3.91), but low adoption for online purchases and international transactions. Pearson correlation showed a moderate positive relationship between digital payments and economic growth (r=0.59, p