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Mobile money: A battle ground for payment service providers


Daily Monitor
Tuesday June 01 2021
Summary
Standalone business. E-commerce platforms of Airtel Uganda and MTN Uganda have automatically become standalone businesses from their parent companies –the telecoms, a move that is likely to drive partnerships among payment service providers.
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Is it a good move, or a risky one? Whose business is it going to impact mostly? Is it the savers, banks or telecoms that have been managing mobile money services?
These are the lingering questions in the corridors, sparked off by the recent pronouncement by Bank of Uganda (BoU) Governor Emmanuel Tumusiime Mutebile that the Central Bank had commenced licensing of payment system operators, payment service providers and issuers of payment instruments. ....

Charles Molapisi , Manoj Murali , Paul Murungi , Dorothy Nakaweesi , Allan Rwakatungi , Andrew Kawera , Peter Kawumi , Rashmi Pillai , Emmanuel Tumusiime Mutebile , Brian Kalule , Interswitch Group , National Payment System , Wave Transfer , Central Bank , National Financial Inclusion , Uganda Communications Commission , National Payment System Implementing Regulations , Financial Technology Service Providers Association Of Uganda , Charity Mugumya , National Payments Systems , Governor Emmanuel Tumusiime Mutebile , National Payment System Act , Airtel Uganda , Airtel Mobile Commerce Uganda , Airtel Money , Wave Transfer Limited ,