eTranzact Global Limited, a leading provider of innovative payment technology solutions, has announced its latest achievement in expanding its multinational operations, acquiring an operational license from the Central Bank of Uganda (BoU).

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.

This strategic move marks a significant milestone for eTranzact Global Limited as it solidifies its presence in the East African market and demonstrates its commitment to driving financial inclusion and digital transformation in the region.

With the acquisition of these licenses, eTranzact Global Limited can now offer its robust and secure suite of payment solutions and services, such as digital payment platforms, mobile banking solutions, and electronic fund transfers, among others, to businesses and consumers in Uganda.

Speaking to the press, Group Chief Executive Officer and Founder of eTranzact Global Limited, Dr. Valentine Obi, stated that this expansion not only underscores eTranzact Global Limited’s rapid growth but also reinforces its mission to empower individuals, businesses, and governments by enabling secure, seamless, and convenient financial transactions that are affordable.