Live Breaking News & Updates on Agent Banking Company|Page 3

Stay updated with breaking news from Agent banking company. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Inactive mobile money clients to be suspended after nine months

If no claim is lodged for a closed electronic or mobile money account within seven years, the National Payment Systems Act indicates, the unclaimed balances shall be transferred to Consolidated Fund ....

Dorothy Nakaweesi , Anthony Kituuka , Agent Banking Company , Central Bank , National Payment Systems Regulations , Equity Bank , National Payment Systems , National Payment Systems Act , Money Uganda , Airtel Mobile Commerce Uganda , Ezee Money , Pegasus Technologies , Consolidated Fund , Ezee Money , Agent Banking Company , Pegasus Technologies , O Uganda Xente , Teasy Pay , மைய வங்கி , பங்கு வங்கி , தேசிய கட்டணம் அமைப்புகள் , தேசிய கட்டணம் அமைப்புகள் நாடகம் , பணம் உகந்த , பெகாஸஸ் தொழில்நுட்பங்கள் , தொகுக்கப்பட்டு நிதி ,

Mobile money firms to pay Shs50m for annual licences

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 Nakaweesi , Ms Charity Mugumya , Agent Banking Company , Central Bank , National Payment Systems Regulations , Daily Monitor The National Payment System Department , National Payment Systems , National Payment Systems Act , Money Uganda , Airtel Money , Airtel Mobile Commerce , Daily Monitor , National Payment System Department , Ezee Money , Pegasus Technologies , Teasy Pay , மைய வங்கி , தேசிய கட்டணம் அமைப்புகள் , தேசிய கட்டணம் அமைப்புகள் நாடகம் , பணம் உகந்த , ஏர்டெல் பணம் , ஏர்டெல் கைபேசி வர்த்தகம் , தினசரி மானிட்டர் , தேசிய கட்டணம் அமைப்பு துறை , பெகாஸஸ் தொழில்நுட்பங்கள் , சுலபம் செலுத்த ,

Taxing bank withdrawals will be harmful to economy - BoU

Taxing bank withdrawals will be harmful to economy - BoU
Friday February 12 2021
It is not yet clear how government will seek to go about this but sources within the Ministry of Finance say there is a proposal to introduce a 0.5 per cent levy on each bank cash withdrawal. PHOTO | FILE
Advertisement
Taxing cash withdrawals from banks will be detrimental to the economy, Bank of Uganda has said.
This comes in the wake of a February 9 letter in which government is seeking guidance on a proposal imposing a tax on bank withdrawals.
In a response to emailed questions yesterday, Dr Adam Mugume, the Bank of Uganda (BoU) executive director research, told Daily Monitor the proposed move will negatively impact deposits and penetration, which continues to be below average. ....

Doris Akol , Ramathan Ggoobi , Patrick Ocailap , Dorothy Nakaweesi , Peter Kawumi , Adam Mugume , Christine Kasemiire , Richard Yego , Makerere University Business School , Agent Banking Company Of Uganda , Uganda Revenue Authority , Financial Technology Service Providers Association Of Uganda , Central Bank , Uganda Communications Commission , Daily Monitor , Automated Teller Machines , Finance Ministry , Agent Banking Company , Excise Duty , Pay As You Earn , General Doris Akol , Taxing Bank Withdrawals , Harmful To Economy Bou , Mr Patrick Ocailap , உகந்த வருவாய் அதிகாரம் , நிதி தொழில்நுட்பம் சேவை வழங்குநர்கள் சங்கம் ஆஃப் உகந்த ,