Mobile money separated from telecom operations

Telecoms will now be required to register new businesses under which mobile money shall be operated. PHOTO | FILE

What you need to know:

  • The licences, which were issued at the weekend by the National Payment System department at Bank of Uganda, will seek to ensure overall effectiveness and integrity of payment systems in the country, including mobile money.

Mobile money has been split as a standalone business which, going forward, will be regulated by Bank of Uganda as a financial service. 

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