Payaza Strengthens East Africa Presence After Securing Uganda License

The African fintech business Payaza has increased its presence in East Africa after obtaining a Payment System Operator (PSO) license in Uganda. The Bank of Uganda issued the license, which allows Payaza to conduct business directly in the nation, expanding its regulated infrastructure and facilitating smooth cross-border transactions throughout the region.

With this presence, Payaza is able to provide both domestic and international payment processing services which permits it to function directly with Uganda's financial system. With just a single interaction, Ugandan merchants can now accept international card payments in addition to well-known mobile money channels like MTN Mobile Money and Airtel Money. It is expected that this step will enhance financial accessibility in the area while facilitating cross-border transactions.  

Payaza believes that the venture into Uganda’s is not a regular market entry but one that embodies an overall objective to facilitate seamless cross-border money transfers for African companies. Hence why the business is gradually becoming a pan-African payments network, having started as a platform aimed at facilitating payments.

Uganda's fintech industry has been expanding quickly due to favorable legal changes and high mobile penetration. It is anticipated that Payaza's arrival will increase competition in the payments industry while enhancing service quality and innovation. It is seen that the company is strategically located to help companies that depend on digital transactions given the emphasis it places on flexible, secure, and compliant infrastructure. 

Payaza's present operations in Nigeria and other African markets are complemented by this development, which also reinforces its East African center. Payaza's presence in Uganda is anticipated to facilitate regional trade and digital transformation, given the huge economic expansion projected in East Africa in 2026.