Uganda-based fintech firm Xente Tech has been granted a Payment System Operator (PSO)
license by the Bank of Uganda.
Xente
Tech, one of the leading fintech firms in the East African nation, simplifies
payments and finance for businesses not only in Uganda but across Africa. And
having received authorization from the central bank to operate payment systems
in Uganda will no doubt bring the services of Xente to the doorsteps of
customers.
Founder
and Chief Executive Officer of Xente Tech, Allan Rwakatunga is optimistic about
Xente’s future, noting that the availability of the new license will afford
them the opportunity to roll out world-class financial technology solutions to
businesses in Africa.
“I
am very happy to announce that we have acquired the Payment Systems Operator
(PSO) license under the National Payment Systems Act issued by the Bank of Uganda.
We thank the Central Bank for their diligent support, tireless effort,
adherence to the process, and their ability to identify us as a suitable player
in the Financial Technology space in Uganda,” he acknowledged.
By: Kanto Okanta
