Pesapal Uganda has received a Payment System Operator license from the Bank of Uganda in accordance with the National Payments Systems Regulation, 2021. (Pesapal Uganda is a business. Bank of Uganda license )
For over a decade, Pesapal has been at the forefront of Africa’s Digital Payments revolution.
Pesapal is enabling tens of thousands of merchants and millions of consumers in African markets to thrive by leveraging technology to make financial services affordable, convenient, and secure.
“At Pesapal, we give people and businesses better ways to pay and get paid,” says Pesapal Uganda Country Director Martin Barungi. With the Bank of Uganda’s regulatory approval, we will be able to focus our efforts on changing the face of digital financial services in Uganda as a key stakeholder in its financial ecosystem,’ he said.
According to him, the authorization grants Pesapal permission to drive cashless transactions and related benefits, such as financial inclusion and convenience, by simplifying payment processing and expanding how, what type, and how quickly businesses can get paid and access their funds.
“We are overjoyed to have received the license from the Bank of Uganda, as this development puts us on track to revolutionize the digital payment ecosystem with innovative, convenient, and secure digital financial services,” Ms. Emmy Rono, Pesapal Uganda Country Manager, stated.
“Consumers can make multi-currency transactions (UGX, USD, etc.) from any scheme (Visa, Mastercard, American Express, etc.) in any context – shoppers, tourists, visitors, and businesses – either online, in a 3-D Secure environment, or in store, using the Pesapal POS machine, seamlessly.”
Pesapal’s vision is to enable Africa to gain access to affordable, convenient, and secure digital financial services that fuel long-term growth. We believe that this formal foray into the Pearl of Africa, the Nile’s source, is an appropriate first step toward that future.
Pesapal is a digital financial services company that enables individuals and businesses to make and accept payments in a simple, convenient, and secure manner.
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With Pesapal, you can shop for and pay for the things you want and the services you require, allow your customers to pay you online via our payment links, invoicing page, or on your website, and accept debit/credit card and mobile money payments through our point-of-sale (POS) machine (Pesapal Sabi).
Pesapal’s goal for end users has always been to make payments simple, frictionless, and secure. Pesapal strives to reduce the cost of collecting money for businesses by providing an easily accessible, dependable, and cost-effective method for collection and settlement, as well as real-time transaction tracking. (Pesapal Uganda is a business. Bank of Uganda license – Entertainment news in Uganda )