Payaza Gains PSO License in Uganda, Paving Way for Seamless Cross-Border Payments
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.
