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Mobile Money Transactions Hit Record Shs113 Trillion -BoU Report

Mobile money transactions  hit a record Shs113.38Trn in Financial Year 2020/21, the Bank of Uganda 2021 Annual report has revealed. The Central Bank Governor Prof. Emmanuel Tumusiime-Mutebile says that in accordance with the provisions of the National Payment Systems Act 2020, each of the companies received a Payment Systems Operator (large funds transfer)

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Analysis & OpinionsICT

National Payment Systems Act: Will New Regulations Deliver Growth In Fintech Sector? 

It’s been thirteen years since the Ugandan payments landscape was disrupted by the First mobile money system. In 2009, MTN Uganda introduced the first mobile money transaction service and today, the sector has grown to more than 170 private players consisting of mobile network operators, commercial banks, non-bank financial institutions,

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ICTNews

Pegasus Technologies Becomes First Indigenous Ugandan Fintech To Get BoU License For Mobile Payments

Ronald Azairwe, the Managing Director, Pegasus Technologies Pegasus Technologies Limited, an indigenous Ugandan company, has become the fifth, company to receive a license from the Bank of Uganda to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments Act, 2020 (NPS Act 2020)

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ICTMarkets

CMA Approves MTN Uganda Prospectus As Telecom Giant Moves To Raise Shs895.56bn In IPO

Keith Kalyegira, the CEO at CMA. Telecommunications Company, MTN Uganda has been allowed to proceed with an Initial Public Offer (IPO) and issue shares to the general public, following approval of its prospectus by Uganda’s securities regulator, the Capital Markets Authority (CMA).  This marks the fulfillment of part of its National

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