KAARO KARUNGI | KAMPALA – Bank of Uganda has set Shs25m as the amount that telecoms will have to pay in annual licence to operate as a payment service providers or payment systems operator.
The two services are classified separately, which means that a telecom that wishes to operate both will have to pay a combined sum of Shs50m annually.
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Telecoms are already operating as payment service providers and payment systems operators, which means they will be required to have the two licences.
https://eu.wps.com/cms/docs/d/cbTagsiuKKo1V9M7?sa=601.1074&refer=copylink
https://eu.wps.com/cms/docs/d/cbTagsiuKKo1V9M7?sa=601.1074&refer=copylink
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The fees are contained in the National Payment Systems Regulations 2021, which effectively split mobile money operations from telecommunication service
