The license authorizes Payaza to operate directly within Uganda’s regulated financial system, giving it a robust foothold in East Africa and enhancing its ability to support cross-border trade.
Payaza, a pan-African payments platform, has officially obtained a Payment System Operator (PSO) license in Uganda, marking a key milestone in its ambition to build a regulated, multi-country payment infrastructure across the continent. The license authorizes Payaza to operate directly within Uganda’s regulated financial system, giving it a robust foothold in East Africa and enhancing its ability to support cross-border trade.
The PSO license enables Payaza to provide local and international payment processing, allowing merchants to accept global card payments alongside Uganda’s leading mobile channels, including MTN Mobile Money and Airtel Money, through a single integration. Additionally, the license permits multi-currency settlement, streamlining cross-border transactions, reducing currency conversion costs, and providing secure, regulated infrastructure with strong data protection, anti-money-laundering measures, and fraud monitoring.
For Ugandan businesses, Payaza’s licensed presence means faster, wallet-optimized checkouts and seamless omnichannel reconciliation across online and in-store sales. The platform also opens pathways for local merchants to scale across other African markets without rebuilding payment systems country by country, lowering barriers to regional growth.
International businesses benefit as well, as the license simplifies compliance with Uganda’s regulatory framework. Companies can integrate with Payaza to access the Ugandan market through a licensed and trusted partner, avoiding the complexity of navigating local regulations independently.
With this move, Payaza reinforces its vision of enabling frictionless payments across Africa, combining regulatory compliance with scalable, secure infrastructure to support both local and cross-border commerce.
