With a population of over 47m, Uganda has seen its digital economy grow rapidly owing to accelerated smartphone adoption and increased internet penetration. The payment firm said that the license would also enable it to facilitate international transfers from the diaspora into Uganda in partnership with other operators.
The firm said, “We believe African businesses should have the resources and solutions to seamlessly serve their customers wherever they are in the world. Today, we have taken another giant step towards achieving our vision. We are excited to announce that we have secured the Payment Systems Operator (PSO) License from the Bank of Uganda.”
