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Daily Monitor Thursday May 27 2021 Summary Mobile money companies, which already operate payment service providers and payment systems operator platforms, will be required to obtain two licences each at Shs25m.  Advertisement Bank of Uganda has set Shs25m as the amount that telecoms will have to pay in annual licence to operate as a payment service providers or payment systems operator.  The two services are classified separately, which means that a telecom that wishes to operate both will have to pay a combined sum of Shs50m annually.  Telecoms are already operating as payment service providers and payment systems operators, which means they will be required to have the two licences.  The fees are contained in the National Payment Systems Regulations 2021, which effectively split mobile money operations from telecommunication services. 

Dorothy nakaweesiMs charity mugumyaAgent banking companyCentral bankNational payment systems regulationsDaily monitor the national payment system departmentNational payment systemsNational payment systems actMoney ugandaAirtel moneyAirtel mobile commerceDaily monitorNational payment system departmentEzee moneyPegasus technologiesTeasy pay