KAMPALA — Airtel Mobile Commerce Uganda Limited (AMCUL) and Pesapal Uganda, a leading payment solutions provider across Africa have today signed a partnership that will enable acceptance of Airtel Money mobile payments at the Pesapal Sabi point-of-sale (POS) machines.
Pursuant to the National Payments Systems Regulation, 2021, Bank of Uganda has granted Pesapal Uganda a Payment System Operator license.
According to Pesapal Uganda Country Director Martin Barungi, At Pesapal, we give people and businesses better ways to pay and get paid. Now, with the Bank of Uganda's regulatory greenlight, we will be able to hunker down in our continued effort to change the face of digital financial services in Uganda as a key stakeholder of its financial ecosystem.
The authorization, he said, gives Pesapal license to drive cashless transactions and related benefits, including financial inclusion and convenience by simplifying the processing of payments and expanding how, what type and how fast businesses can get paid and access their funds.
"We are delighted to have received the license from Bank of Uganda as this development sets us on course to revolutionize the digital payment ecosystem with innovative, convenient and secure digital financial services," Ms. Emmy Rono, Pesapal Uganda Country Manager added.
“Consumers, in any context - shoppers, tourists, visitors, and businesses can make multi-currency transactions (UGX, USD etc.), from any scheme (Visa, Mastercard, American Express etc.) – either online, in a 3-D Secure environment, or in store, using the Pesapal POS machine, seamlessly."
Pesapal's vision is to empower Africa to access affordable, convenient, and secure digital financial services that drive sustainable growth. We believe this formal foray into the Pearl of Africa, the source of the Nile, is a fitting step, towards this future.
About Pesapal Ltd
Thousands of businesses and customers trust us to simplify and secure their payments. Founded in 2009, we're the leading payment services company with local know-how in building payment and business tools for Africa. Pesapal has 300+ people in 7 African countries – and we're adding more. We're on track to connect a million African entrepreneurs and customers to e-commerce, digital payments and the global financial system by 2030. Pesapal is regulated by The Central Bank of Kenya, Bank of Uganda and Bank of Tanzania.