But, from a European perspective, it is strategically necessary for Europe to take a more coordinated approach towards global standard-setting bodies, such as ISO or EMVCo, and that Europe starts to speak with one voice. Giving the EPC, acting on behalf of the European payments industry, a say in these bodies would be a very good way to achieve this aim.
2   Signing of the Memorandum of Understanding between the two regulatory authorities (BoU and UCC), in 2016 to clarify the respective roles and responsibilities. However, we have now made a significant progress towards the development of the legal framework for the regulation of payment systems in Uganda.