Afriset Fintech

Who can issue e-money in Uganda?

As of 2026-07-02, 5 entities are on the official Bank of Uganda register under the Uganda licence category mapped to e-money issuance ("Electronic Money Issuer"). Only these categories may hold customer funds. The full, source-linked list is below.

“E-money issuance” here is the normalized activity fintech:EMONEY_ISSUE: Issue stored-value / electronic money redeemable at par and hold the customer float. The category of licence that lets a provider keep customers' money.

Electronic Money Issuer Bank of Uganda · 5 entities · as of 2026-07-02 (retrieved)

  1. Interswitch East Africa (U) Limited
  2. Mcash Uganda Limited
  3. Micropay Uganda Limited
  4. MTN Mobile Money Uganda Limited
  5. Wave Transfer Limited

Source: Bank of Uganda