Compliance guidance tool for FinTechs - Implementation of the National Payment Systems (NPS) Act 2020

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Compliance guidance tool for FinTechs

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Recognising that most FinTechs in Uganda are start-ups and young businesses with limited capacity and resources to comply with the new laws, FSD Uganda partnered with FITSPA to develop a regulatory compliance toolkit that FinTechs seeking licensing under the National Payment Systems Act can use to ensure they comply with the licensing and regulatory requirements under the new regime. This will enable the industry to transition seamlessly from an unregulated industry to a regulated one, with minimal or no hurdles for the different actors in the FinTech ecosystem.