Pesapal Uganda has Received a Payment Systems Operator License from the Bank Of Uganda

Pesapal Uganda has Received a Payment Systems Operator License from the Bank Of Uganda

On 27 June 2022

Pesapal has been at the forefront of the Digital Payments revolution in Africa for over a decade. By leveraging technology to make financial services affordable, convenient, and secure, Pesapal is empowering tens of thousands of merchants and millions of consumers in markets across Africa to thrive.

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
Pesapal is a digital financial services company that enables a simple, convenient, and secure way for individuals and businesses to make and accept payments. With Pesapal you can shop or pay for the things you love and the services you need, enable your customers to pay you online through our payment links, invoicing page or on your website, accept debit/credit card and mobile money payments via our point-of-sale (POS) machine (Pesapal Sabi). For end-users, Pesapal’s purpose has always been to make payments simple, frictionless and safe. For businesses, Pesapal strives to lower the cost of collecting money by offering an easily accessible, reliable, and cost-effective way for collection and settlement and tracking transactions in real time. 

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