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Vision of Bank of Uganda. To be a centre of excellence in upholding macroeconomic stability. Location of Bank of Uganda. 1. Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. 2. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale, Fort Portal , Arua and Masaka towns.

Uganda National E-Payments Strategy 2021-2026. Payment Systems in Uganda; Real Time Gross Settlement System (RTGS ) Automated Clearing House ; ... Location of Bank of Uganda. 1. Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. 2. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale ...

The Bank of Uganda (BoU) has selected CMA Small Systems, a fintech, to deliver a full-scale upgrade of its real-time gross settlement (RTGS) system. This upgrade will allow the central bank to modernise national payments infrastructure to align with international standards.

The RTS/X platform covers all aspects of payments and securities operations processing. In addition to supporting ISO 20022 in Uganda’s domestic market, CMA’s RTGS platform will provide cross ...

High value payment transactions pass through the Uganda National Interbank Settlement (UNIS) System, also known as, the BOU Real Time Gross Settlement (RTGS) System. UNIS: This advanced interbank electronic payment system facilitates safe, secure and real-time transmission of high value funds between accounts in different financial institutions ...

By 2017, the Government of Uganda estimated that 80% of payments were cash-based whereas the World Bank reported that only 33% of Ugandans had access to a bank or other financial institution account. With Bank of Uganda’s records of RTGS and mobile money payments for 2017 at Shs 400 trillion, we can project that cash transactions in the ...

The UNIS system was launched in 2005 to facilitate large-value interbank payments in Uganda and was upgraded to a web-based model in 2009 to expand access to non-bank financial institutions. The national network processed UGX 808.7 trillion (around $220.6 billion) in the year ending June 2024, operating in seven regional and international ...

The Bank of Uganda data indicates that commercial banks accounted for 58% of the mobile transactions (USh93 trillion or US$26.7 billion), a growth from zero in 2010 and US$12.5 billion (USh43 ...

PwC Webinar on National Payment Systems Act 2020 Proprietary and confidential. Do not distribute. • Before NPSA, regulation of payment systems was mainly focused on financial institutions and hardly the non-financial institutions providing payment systems in the financial sector. • In 2013, the Bank of Uganda issued the Bank of Uganda (Mobile Money)

Bank of Uganda has indicated that the creation of a legal and regulatory framework and the rapid growth in payment systems has seen the number of financial technology (Fintech) companies double in ...

Bank of Uganda grants Yo-Uganda Limited Payment System Operator License. ... Yo! was the first company to launch and profitably operate a multipurpose mobile payments aggregation service in Uganda, Yo! Payments, in 2010, and has continued to be at the forefront of developing financial technology solutions for business.

Michael Atingi-Ego, the Deputy Governor, Bank of Uganda, has said banking hours are a thing of the past as advances in financial technology (fintech), have created greater levels of convenience in the way people can access their bank accounts. Taking into account these developments, BoU is adopting technologies for real-time banking regulation and supervision. He said as the regulator, they ...

“The Bank of Uganda observed a rise in the usage of mobile money platforms for online fraud and scams. ... b of the National Payments Systems Act, 2020 and Regulation 7 (h) of the National ...

This new publication captures the key takeaways from a series of roundtable discussions organized by UNCDF and the Bank of Uganda between April 2023 and April 2024. These discussions focused on the expansion of digital financial services (DFS) beyond payments, exploring the potential for DFS to facilitate access to credit, savings, investment ...

MCash Uganda Ltd ‍ Bank of Uganda (BOU) announces MCash Uganda Ltd as a licensed Payment System Operator and Payment Service Provider. What does this mean for you? MCash is committed to delivering trusted services to you our customers. Under the two BOU Licences, all operations within MCash are regulated under the National Payment Systems Act ...

Uganda is seeking to shore up electronic and mobile money transactions by moving away from cheque payments for amounts above the equivalent of about $2,800 in. ... governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile said in the Jan.10 notice. For Uganda, new research shows that the value of the country’s mobile money sector of about ...

At the end of February 2024, the Bank of Uganda (BoU) issued a notice suspending the licenses of M/S Pivot Payments Limited. This immediate suspension was a response to serious concerns raised by the central bank regarding the company’s operations, which were deemed detrimental to public interest and financial stability.

Uganda National E-Payments Strategy 2021-2026. Payment Systems in Uganda; Real Time Gross Settlement System (RTGS ) Automated Clearing House ; ... Location of Bank of Uganda. 1. Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. 2. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale ...

The human cost of Uganda’s digital lending crisis is stark. One woman in her mid-thirties, working at a telecom service centre, found herself drowning in debt after borrowing from 20 different ...