Bank of Uganda issues licences to payment service providers Airtel Mobile Commerce Uganda Limited and MTN Mobile Money Uganda Limited

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Bank of Uganda has commenced licensing of payment system operators, payment service providers and issuers of payment instruments. Payment service providers – also known as merchant service providers or PSPs – are third parties that help merchants accept payments. The licensing of payment service providers follows the enactment of the National Payment Systems (NPS) Act, 2020 on 4th Septem