Regulatory Alerts2022-01-01
National Payment Systems (Amendment) Regulations, 2022
The Ugandan Minister of Finance, Planning and Economic Development, acting with the Central Bank, issued these regulations to amend the National Payment Systems Regulations of 2021. The amendment substitutes Schedules three and four to define standardized application, licence, and annual fees for payment systems operators and electronic money issuers according to their transaction values or trust account sizes. It further establishes tiered minimum capital requirements ranging from one hundred million to ten billion Ugandan shillings, ensuring proportional financial resilience across large, medium, and small payment service providers.
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