Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has accused financial technology companies, and fintechs, of refusing to apply for licenses. BOU started implementing the regulatory framework for fintechs last year and started implementing the National Payments Systems Act which provides for the regulation of the small financial …
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Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has announced its official platinum membership with the Financial Technology Service Providers Association (FITSPA), further cementing its dedication to providing inclusive financial services, it said on July 25. FITSPA, an independent and non-profit membership-based organisation is devoted to supporting Uganda’s …
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Kampala, Uganda | THE INDEPENDENT | The financial technology (FinTech) industry has grown faster than the managers of the economy had anticipated, with the number of FinTechs growing from just five in 2017 to 189 in 2022. This has come with regulatory challenges due to the complex nature of the industry that …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s fintech community is confident regulation will act as a pedestal for the industry’s future growth. Speaking ahead of FITSPA’s 3rd Annual Fintech Conference due September 8, Chairman of FITSPA and Country General Manager of Interswitch EA Uganda LTD Peter Kawumi said the association provides …
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Four years ago, the Dutch government launched the Netherlands Trust Fund IV (NTF IV) project in Uganda to empower fintechs, generate new technologies and teach them business basics. However, last month, the project that was implemented in partnership with the Dutch Centre for the Promotion of Imports from Developing Countries …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association-UBA, has signed a collaboration agreement with technology companies which will among other things see them share information on how to tackle and respond to internet fraud. Under their umbrella, Finance and Technology Service Providers Association (FITSPA), the companies usually referred to …
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