FREQUENTLY ASKED QUESTIONS
FAQ
FITSPA Guide on the Fintech space in Uganda
Which laws and regulations are relevant to local fintechs?
- These depend on the area in which
your fintech is operating
- The National Payments Systems
Regulations,2021 – Agents and Sandbox, Check Here
- The Data Protection and Privacy Act, 2019 , Check
Here
- Anti-Money Laundering Act , Check
Here
- The Electronic Transactions Act 2011
Is the Fintech Industry in Uganda regulated?
- Yes, it is regulated under the NPS
Act 2020 Check Here
Who is the regulator of Fintechs in Uganda?
- This depends on your product or
service you require a license for.
- The regulators include Uganda
Registration Services Bureau (URSB), National Information Technology
Authority Uganda (NITA-U), the Bank of Uganda, Kampala Capital City
Authority (KCCA), UMBRA
Which license can I apply for?
Please follow the links below to find out the categories of licenses which you can apply for.
How much are the licenses?
- The cost of obtaining a license and the details involved are contained in the link below
NPS Compliance Guide
How much are the licenses?
- Please look at the elaborate tool kit in the link below for advice on how to expand your Fintech into Uganda
-
Memo
