This MOU formalises the relationship between the two regulators on matters regarding the approval, regulation and supervision of mobile money services in Uganda. The Bank of Uganda also recognises the potential for technological innovation to contribute positively to financial inclusion. Thus “Financial Innovation” is one of the four focus areas under the Bank’s Financial Inclusion Project.
Under this Project: •  The Bank of Uganda developed Mobile Money Guidelines to provide clarity to stakeholders in this sector. These Guidelines were issued in October 2013 and are available on the Bank of Uganda Website.