eTranzact Global Limited, a provider of payment technology solutions, has announced that it has expanded its operations, acquiring an operational license from the Central Bank of Uganda (BoU).
Details
The BoU under the National Payment Systems Act, 2020, issued two licenses in the categories of Payment Systems Operator – (Small Funds Transfer, Clearing Systems or Switches) and Payment Service Provider Class A (Small Electronic Money Issuer) to the company under the brand name eTranzact Platform Limited, Uganda.
What They’re Saying
Speaking to the press, Group Chief Executive Officer and Founder of eTranzact Global Limited, Dr. Valentine Obi, at a press event stated:
“We are thrilled about acquiring the operational license from the Central Bank of Uganda. This achievement signifies our commitment to expanding our footprint globally and deepening financial inclusion on the continent.
We are confident that our industry-leading payment solutions that are based on cutting-edge technology will empower businesses with the convenience and security they need in today’s digital era,” he said.
Mr. John Apea, Board member of eTranzact Platform Limited, Uganda, and CEO of eTranzact Ghana Limited stated: “Under the visionary leadership of our Founder, Dr. Valentine Obi, eTranzact Platform Limited is a proud supporter of the government’s ‘Digital Uganda Vision’ which serves as an excellent pathway to promote sustainable development and poverty eradication through digital innovation”.
Zoom Out
eTranzact is headquartered in the United Kingdom (UK), publicly listed in Nigeria, and has a presence across multiple African countries including Ghana and South Africa.
In recent years, it has increased its footprint across Africa with incorporations across Cameroon, DRC Congo, and Liberia.
Source: Business and Financial Times
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