Live Breaking News & Updates on National Payment System Implementing Regulations

Stay updated with breaking news from National payment system implementing regulations. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

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.
Advertisement
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 ,

Mobile money separated from telecom operations

Daily Monitor
Monday May 24 2021
Telecoms will now be required to register new businesses under which mobile money shall be operated. PHOTO | FILE
Summary
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.
Advertisement
Mobile money has been split as a standalone business which, going forward, will be regulated by Bank of Uganda as a financial service.
The move, which effectively takes mobile money away from telecom service operations, regulated by Uganda Communications Commission, has now been implemented with the issuance of financial services operator licences to Airtel Money, which will trade as Airtel Mobile Commerce Uganda and MTN, which has placed its mobile money business under MTN Mobile Money Uganda. ....

Emmanuel Tumusiime Mutebile , Peter Kawumi , Dorothy Nakaweesi , National Payment System , Wave Transfer , Central Bank , National Payment Systems , Uganda Communications Commission , Deposit Protection Fund , National Payment System Implementing Regulations , National Payment System Department , Financial Technology Service Providers Association Of Uganda , National Payments Systems , Airtel Money , Airtel Mobile Commerce Uganda , Uganda Governor Emmanuel Tumusiime Mutebile , National Payment System Act , Wave Transfer Limited , National Payment Systems Act , Protection Fund , National Payments Systems Act , தேசிய கட்டணம் அமைப்பு , மைய வங்கி , தேசிய கட்டணம் அமைப்புகள் , உகந்த தகவல்தொடர்புகள் தரகு , வைப்பு ப்ரொடெக்ஶந் நிதி ,