Our vision at Flutterwave is to make it easier for Africans to build global businesses that can make and accept payments, anywhere around the world. We believe African businesses should have the resources and solutions to seamlessly serve their customers wherever they are in the world. Today, we have taken another giant step towards achieving our vision. We are excited to announce that we have secured the Payment Systems Operator (PSO) License from the Bank of Uganda. 

This significant milestone marks a pivotal moment for us as we continue to expand our payment solutions across Africa. Ugandan businesses will now have access to our suite of payment solutions, enabling them to collect payments from their customers in their preferred payment method. Also, businesses in Uganda can now easily make single and bulk payouts to their suppliers, employees, business partners etc. 

The Payment Systems Operator license also empowers us, in partnership with other licensed players to allow Ugandans in the diaspora to easily send money to their loved ones back home. 

Receiving this license shows we are committed to complying with all applicable laws and regulations in Uganda. We are grateful to the Bank of Uganda for their trust and vote of confidence in our ability to contribute to the growth and development of Uganda’s digital payments ecosystem.

Why Flutterwave Is Betting On Uganda

Flutterwave has been a key player in Africa’s fintech revolution, providing innovative payment solutions to businesses and individuals across the continent. Our PSO license positions us to significantly impact Uganda’s rapidly growing digital payments space.

Uganda has witnessed remarkable growth in its digital economy, led by increasing internet penetration and smartphone adoption. With a population of over 47 million, Uganda boasts a vibrant digital landscape, offering immense potential for businesses and consumers. According to recent data from DataReportal, internet penetration in Uganda has steadily risen, recording a 10.3% growth rate in the last year, with over 27% of the population connected to the internet. This growth is fueled by advancements in mobile technology and affordable internet plans. 

Additionally, the country’s mobile money adoption rate is among the highest in Africa, with over 54% of the population owning a mobile money account. According to Statista, Uganda had over 34 million registered mobile money accounts in 2022.

Furthermore, Uganda is one of Africa’s top recipients of remittance inflows, receiving about $1.1 billion in 2021, as reported by Uganda’s National Financial Inclusion Strategy (2023-2028). Over 874,000 Ugandans reside outside the country and remittance inflows have been increasing steadily over the past 20 years. 

Why You Should Be Expanding Into Uganda

One more reason we are excited about this license is because it solidifies our position as a trusted partner for global businesses looking to enter or expand their operations in Uganda. This opens doors for previously hesitant businesses to finally expand their business operations into Uganda, knowing payment is one less thing to worry about while growing their business.

Additionally, Uganda’s rapidly growing digital economy fuelled by a youthful population and a growing acceptance of digital payments, presents a great opportunity for large businesses seeking to widen their reach in Africa. Uganda’s favorable business environment, coupled with a rising middle class, also offers significant potential for business growth.

Key Benefits of Expanding Your Business Into Uganda with Flutterwave

• Seamless Payments: Our innovative payment solutions enable you to offer your customers a seamless and convenient payment experience, increasing customer satisfaction. 
• Safe & Secure Payments: We are compliant with industry security standards such as PA-DSS & PCI-DSS and ISO 27001 & 22301 certifications, ensuring you and your customers are protected on our platform. Learn more about how we keep you and your customers safe here. 
• Business Growth: Our efficient payment solutions will improve payment completion rates and operational efficiency, leading to business & revenue growth.
• Premium Customer Service: With a dedicated account manager, you are guaranteed timely and top-notch customer service from our team.
• Market Access: Tap into Uganda’s growing consumer base and unlock new business opportunities.
• Regulatory Compliance: Benefit from our expertise in navigating Uganda’s regulatory landscape, ensuring compliance with all laws.

Are you ready to expand into Uganda and start processing payments with Flutterwave? Our team of payment experts is ready to set you up in no time, get started here. 

Our Payment Offerings In Uganda

• Payment Collection: You can use our payment gateway to easily receive local and international payments from your customers via multiple payment methods they are used to, including debit & credit cards, mobile money, bank transfers, and more.
• Seamless Payouts: You can efficiently disburse payments to both single and multiple recipients such as your employees, suppliers, contractors and business partners in Ugandan Shillings and other currencies. 
• Invoicing: Create and share trackable professional invoices on your Flutterwave For Business dashboard.
• Payment Links: Create single and recurring payment links to easily and securely get paid by your customers in 50+ currencies. 
• API Solutions: Embed our robust API into your websites and applications to process online payments through Flutterwave checkout, direct charge, and plugins such as WordPress and Shopify. 
• Dashboard: Be in control of your account by monitoring transactions, creating reports and adding collaborators on the Flutterwave Dashboard.

We are committed to growing Uganda’s digital economy and partnering with the Bank of Uganda to bridge the financial inclusion gap by expanding access to digital payments and offering the fastest-growing payment method in Uganda – Mobile Money, in line with the National Financial Inclusion Strategy (2023-2028).

Frequently Asked Questions

• How Can I Get Started?
  You can get started by contacting our sales team here. 
• What Are The Requirements For Setting Up An Account?
  The requirements for setting up a Flutterwave For Business account in Uganda vary depending on the category of account. The core requirements are business registration documents, identification documents, personal bank details etc. Learn more about the requirements for each account category here. 
• What if I already have a Flutterwave For Business account?
  If you have a Flutterwave For Business account, log in to view your account. If you have completed the KYC process, you can start collecting payments. You can start by creating a payment link and sharing it with your customers, learn how to create one here. 
• What Types of Businesses Can Use Flutterwave In Uganda?
  All legitimate, registered and pre-approved businesses in Uganda can process payments using Flutterwave. Visit this link to see business categories prohibited from using our payment services. 
• What Are The Payment Methods Available To My Customers?
  Your customers can pay you using cards, mobile money (MTN, Airtel money), bank transfer, Apple Pay and Google Pay. 
• How Much Does It Cost To Sign Up With Flutterwave?
  Signing up on Flutterwave is free.
• What Are The Transaction Fees For Processing Payments In Uganda?
  We charge a percentage of the transaction when we help you receive or make payments. You can learn more about our pricing structure in Uganda here.

If you have more questions about our payment solutions in Uganda or require any assistance, please send an email to hi@flutterwavego.com, our support team is available to answer your questions. 

We have the payment infrastructure and reach to help businesses and individuals in Uganda seamlessly process payments and grow. Since our inception, Flutterwave has helped over 1.5 million businesses including Uber, Eversend, and Chipper Cash, to process over 630 million payments worth over $32 billion. So, we are excited about the opportunity to offer our payment solutions to Ugandan businesses and to help global enterprises expand into the country.