Fintechs make 5 years

On the fifth-anniversary celebration of fintechs in Uganda next month, the 189-member umbrella body; The Financial Technologies Services Providers’ Association (FITSPA) will organize a conference to discuss how to thrive in Uganda’s fintech eco-system.

The conference slated for October 13 will run under the theme; “Investments and partnerships: How to thrive in Uganda’s fintech eco-system.”

Amongst the key topics to be discussed are regulation, capital, digital trade, digital financial services, and green finance. FITSPA will also launch two key products; the deal book and a feasibility study.

These two products will uniquely position the industry players to take advantage of the market opportunities. The growth of the industry has exposed the need for fintechs to collaborate with the different specialized and non-specialized professional services to realize wholesome business growth.

While addressing journalists at a press breakfast on September 26 at the Sheraton Kampala totel, Kevin Wavah, FITSPA board vice chairperson, said the industry has grown tremendously over the past five years, from the five pioneer members to 189 member entities to date.

He added that beyond the software developers and programmers, the fintech eco-system has grown and FITSPA is engaging the different stakeholders who contribute to the growth of the industry.

“The media are key stakeholders and play a key role in shaping the narrative around the industry and we invite you along on this journey,” he said.

He said the association has structured initiatives that will directly engage the media to ensure they have the necessary resources to foster engagement, continuity, and uniform development across the eco-system.

On October 13 stakeholders will also discuss the progress made in the industry as more fintechs get licensed and what challenges still lie ahead.

Source: The Observer