Yassako: helping Ugandans access electricity on credit
observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
Yassako: helping Ugandans access electricity on credit
observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
New licensing regime will not affect mobile money - telecoms
Thursday May 27 2021
The Bank of Uganda has issued a license to Airtel Mobile Commerce Uganda Limited and MTN Mobile Money Uganda Limited to conduct various payments through the telecommunication based channels
Summary
Speaking in an interview yesterday, Mr Stephen Mutana, the MTN head of mobile financial services, said the split of mobile money from telecom operations will not affect agent and customer operations in anyway.
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Speaking in an interview yesterday, Mr Stephen Mutana, the MTN head of mobile financial services, said the split of mobile money from telecom operations will not affect agent and customer operations in anyway.
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.
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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.