Pesapal Uganda has received a Payment System Operator license from the Bank of Uganda, pursuant to the National Payments Systems Regulation 2021. A development that will see pesapal change the face of digital financial services in the country.
The authorization gives Pesapal a license to drive cashless transactions and related benefits, including financial inclusion and convenience, by simplifying the processing of payments and expanding the possible ways in which businesses can get paid and access their funds.
Pesapal has been at the forefront of the Digital Payments revolution in Africa for over a decade. By leveraging technology to make financial services affordable, convenient, and secure while empowering tens of thousands of merchants and millions of
consumers in markets across Africa to thrive.
“We are delighted to have received the license from the Bank of Uganda as this the development sets us on a course to revolutionize the digital payment ecosystem with innovative, convenient and secure digital financial services,” Ms Emmy Rono, Pesapal
Uganda Country Manager noted.
Pesapal Uganda’s Country Director Martin Barungi said, “At Pesapal, we give people and businesses better ways to pay and get paid. Now, with the Bank of Uganda’s regulatory green light, we will be able to hunker down in our continued effort to change the face of digital financial services in Uganda as a key stakeholder of its financial ecosystem.”
He added, that “the authorization gives Pesapal a license to drive cashless transactions and related benefits, including financial inclusion and convenience, by simplifying the processing of payments and expanding how what type and how fast businesses can get paid and access their funds.”