Conducive policy environment key driver of digital solutions – experts.

755
1942

Our Reporter.

Financial technology companies (fintechs) have called for a conducive environment to enhance the adoption of digital financial solutions.

The appeal was made by Oscar Ofumbi, the Head of Business at Lend in a Box, a financial technology company during the two-day fintech landscape exhibition at Sheraton Kampala Hotel last week.

According to Ofumbi, the lack of a conducive policy makes adoption of digital financial solutions difficult.

“If you have a good policy, adoption will be a lot easier because when you talk about an ecosystem, you are talking about the people that are involved in the entire value chain. You need a good policy to ensure that each and everyone’s interest are well taken care of,” Ofumbi said.

It should be noted that while Parliament passed the National Payment Systems (NPS) Bill, 2019 about a month and a half ago, that will among others seek to regulate and provide for the safety and efficiency of payment systems and issuance of electronic money, the president is yet to assent to it.

Citing the Data Protection and Privacy Act (2019), the National Broadband policy and the NPS Bill, the Information and Communication Technology Minister Judith Nabakooba said that the government has set up a conducive legal regime that supports the growth of the sector.

However, Ronald Azairwe, the Pegasus Technologies managing director said that while there is more regulation which is expected to level the playing ground, the NPS is a double edged sword, which he said could make it a little harder for fintech startups to start. This, he said, is because of the whole licensing regime they are supposed to undergo.

“Regulation stands in the way of innovation; we have erratic regulations that sometimes come up and stifle innovation,” he said.

The landscape festival was organised by HiPipo, to mark the end of the 40-days-40-fintechs project, which was held in partnership with Crosslake Tech, ModusBox and Mojaloop Foundation.

The engaged fintechs were equipped with interoperability skills, using Mojaloop, a switching platform with a centralised service that brings together digital financial service providers to help boost financial inclusion in Africa.

The HiPipo CEO, Innocent Kawooya said HiPipo will continue advocating for a leveled playing field for all fintech players but noted that collaboration is needed to achieve this.

He said the project will not only change the way financial inclusion is done in the world but also transform millions of lives in years to come and change the way financial inclusion is going to be done in Uganda going forward.

Kawooya alluded to the need to secure payment platforms, saying that without that, people will lose trust and confidence in the digital payments systems.

“HiPipo recognises that this 40 Days 40 FinTechs season is just the beginning, and so much more needs to be done especially around raising the levels of confidence of customers in the digital payment systems. We shall continue with the same fearlessness: we are proud to continue forging Africa’s digital and financial landscape. And with the potential we have seen, with the talent we have helped nurture, we know that to ‘Include Everyone’ is more than just a dream, it is something we are making real…,” Kawooya said.

755 COMMENTS

  1. Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get got an edginess over that you wish be delivering
    the following. unwell unquestionably come more
    formerly again since exactly the same nearly very often inside case you shield this increase.

  2. Howdy! This blog post could not be written any better!
    Going through this article reminds me of my previous roommate!

    He always kept preaching about this. I’ll forward this article to him.
    Pretty sure he will have a great read. I appreciate you for sharing!

  3. It’s the best time to make a few plans for the future and it’s time to be happy.
    I have learn this submit and if I could I desire to suggest you
    few fascinating things or suggestions. Maybe you can write next articles relating to
    this article. I wish to read even more issues approximately
    it!

  4. It is perfect time to make some plans for the long run and
    it’s time to be happy. I have read this publish and if I could I
    wish to suggest you some interesting things or tips. Maybe you can write subsequent articles regarding this article.

    I want to learn more things about it!

  5. It is appropriate time to make some plans for the future and it’s time to be happy.

    I have read this post and if I could I want to suggest you few interesting things or advice.
    Perhaps you could write next articles referring to
    this article. I want to read more things about it!

  6. Howdy just wanted to give you a quick heads up.
    The text in your article seem to be running off the screen in Safari.
    I’m not sure if this is a format issue or something to
    do with web browser compatibility but I thought I’d post to let you know.
    The design look great though! Hope you get the problem solved soon. Kudos

  7. Hey there! I’ve been reading your website for a long time now and finally
    got the bravery to go ahead and give you a shout out from Porter Tx!
    Just wanted to tell you keep up the great work!

  8. I’ve been browsing online more than three hours today, yet
    I never found any interesting article like yours.
    It is pretty worth enough for me. Personally, if all web owners and bloggers made good content as you did, the internet
    will be much more useful than ever before.

  9. I’ve been surfing online more than three hours nowadays, yet I
    never found any fascinating article like yours. It is lovely worth sufficient
    for me. In my view, if all site owners and bloggers made good content material as you did, the net
    might be a lot more helpful than ever before.

  10. Hey just wanted to give you a quick heads up.
    The words in your article seem to be running off the screen in Ie.
    I’m not sure if this is a format issue or something to do with browser compatibility but I thought
    I’d post to let you know. The design and style look great though!
    Hope you get the problem resolved soon. Cheers

  11. I have been surfing online greater than 3 hours as of late, but I never discovered any attention-grabbing article like
    yours. It’s lovely worth sufficient for me. Personally, if all
    web owners and bloggers made good content material as you did, the net will probably be a lot more helpful
    than ever before.

  12. Woah! I’m really enjoying the template/theme of this site.

    It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between user friendliness and appearance.
    I must say that you’ve done a excellent job with this.
    Also, the blog loads super quick for me on Safari. Superb Blog!

  13. Winston Salem Plumbing Pros, 111 N Chestnut St, Winston Salem, NC 27101 Excellent read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch as I found it for him smile Therefore let me rephrase that: Thanks for lunch!

  14. Hola! I’ve been reading your website for some time now and finally got the courage to go ahead and give you
    a shout out from Dallas Tx! Just wanted to tell you keep up the great work!

  15. Greetings from Los angeles! I’m bored to death at
    work so I decided to browse your blog on my iphone during lunch
    break. I enjoy the info you present here and can’t wait to take a look when I get home.
    I’m surprised at how quick your blog loaded on my mobile
    .. I’m not even using WIFI, just 3G .. Anyways, awesome site!

  16. I have been surfing online more than 4 hours today,
    yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if all web owners and
    bloggers made good content as you did, the web will be a lot more useful than ever before.

  17. It is appropriate time to make some plans for the future and it’s time to be happy.

    I have read this post and if I could I desire to suggest you some interesting things or suggestions.
    Maybe you can write next articles referring to this article.
    I desire to read even more things about it!

  18. It’s perfect time to make some plans for the long
    run and it’s time to be happy. I’ve learn this publish and if I could I want to recommend you
    some fascinating issues or suggestions. Maybe you could write next articles referring to this article.
    I desire to read more issues about it!

  19. I have been browsing on-line more than three hours these days, yet I by no means found
    any interesting article like yours. It is lovely value sufficient for
    me. In my opinion, if all web owners and bloggers made excellent content as you probably did,
    the net shall be a lot more helpful than ever before.

  20. I have to thank you for the efforts you have put in writing this blog.
    I really hope to see the same high-grade content from you later on as well.
    In truth, your creative writing abilities has encouraged me to get my own, personal site now 😉

  21. Heya i’m for the first time here. I found this board and I find It truly
    useful & it helped me out much. I hope to give something back and aid others like you aided me.

  22. It’s the best time to make some plans for the longer term and it is time to be happy.

    I have learn this post and if I could I desire to counsel you few fascinating things or
    advice. Perhaps you could write subsequent articles relating to this article.
    I wish to read even more issues approximately it!

  23. Hello there! This blog post could not be written much
    better! Reading through this post reminds me of my previous roommate!

    He continually kept talking about this. I’ll forward this post to
    him. Fairly certain he’ll have a good read. I appreciate you for sharing!

  24. I’ve been surfing on-line more than 3 hours nowadays,
    yet I never discovered any fascinating article like yours.

    It is pretty price enough for me. In my view, if all website
    owners and bloggers made good content material as you did, the internet might be
    a lot more useful than ever before.

  25. Thanks for your strategies. One thing really noticed is that often banks plus financial institutions know the dimensions and spending patterns of consumers plus understand that plenty of people max outside their cards around the trips. They correctly take advantage of this real fact and then start flooding a person’s inbox plus snail-mail box by using hundreds of no interest APR credit cards offers shortly when the holiday season closes. Knowing that when you are like 98% in the American general public, you’ll get at the one opportunity to consolidate financial debt and switch balances towards 0 rate credit cards. poonmpp https://headachemedi.com – what medicine helps with headaches

  26. Thanks for your strategies. One thing really noticed is that often banks plus financial institutions know the dimensions and spending patterns of consumers plus understand that plenty of people max outside their cards around the trips. They correctly take advantage of this real fact and then start flooding a person’s inbox plus snail-mail box by using hundreds of no interest APR credit cards offers shortly when the holiday season closes. Knowing that when you are like 98% in the American general public, you’ll get at the one opportunity to consolidate financial debt and switch balances towards 0 rate credit cards. onnmlop https://headachemedi.com – migraine headache medicine

  27. Thanks for your suggestions. One thing I’ve noticed is the fact that banks as well as financial institutions really know the spending routines of consumers as well as understand that many people max out their credit cards around the vacations. They sensibly take advantage of this particular fact and start flooding your own inbox as well as snail-mail box along with hundreds of 0 APR credit card offers right after the holiday season ends. Knowing that if you’re like 98% of the American public, you’ll leap at the chance to consolidate credit debt and transfer balances to 0 annual percentage rates credit cards. cccccei https://thyroidmedi.com – thyroid drugs over the counter

  28. Thanks for your thoughts. One thing I’ve got noticed is the fact banks in addition to financial institutions understand the spending behaviors of consumers and as well understand that the majority of people max out and about their cards around the breaks. They smartly take advantage of that fact and then start flooding ones inbox in addition to snail-mail box having hundreds of no interest APR credit cards offers shortly after the holiday season concludes. Knowing that for anyone who is like 98% in the American general public, you’ll soar at the possible opportunity to consolidate consumer credit card debt and switch balances towards 0 interest rate credit cards. mllkjmn https://thyroidmedi.com – drugs used for thyroid problems

  29. Thanks for your strategies. One thing really noticed is that often banks plus financial institutions know the dimensions and spending patterns of consumers plus understand that plenty of people max outside their cards around the trips. They correctly take advantage of this real fact and then start flooding a person’s inbox plus snail-mail box by using hundreds of no interest APR credit cards offers shortly after the holiday season concludes. Knowing that for anyone who is like 98% of American community, you’ll soar at the possible opportunity to consolidate consumer credit card debt and shift balances towards 0 interest rate credit cards. lkkjjln https://stomachmedi.com – how to relieve ulcer pain immediately

  30. Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions are aware of the spending practices of consumers while also understand that most of the people max out there their real credit cards around the getaways. They properly take advantage of this specific fact and commence flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season comes to an end. Knowing that should you be like 98% of American community, you’ll rush at the possiblity to consolidate card debt and shift balances for 0 apr interest rates credit cards. jiiihkm https://stomachmedi.com – stomach threatment

  31. Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions are aware of the spending practices of consumers while also understand that most of the people max out and about their real credit cards around the getaways. They properly take advantage of this specific fact and commence flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season concludes. Knowing that should you be like 98% of American community, you’ll rush at the possible opportunity to consolidate card debt and shift balances for 0 apr interest rates credit cards. jjjiikm https://pancreasmedi.com – over counter medicine for stomach pain

  32. Thanks for your strategies. One thing really noticed is that often banks plus financial institutions know the dimensions and spending patterns of consumers plus understand that plenty of people max outside their cards around the trips. They correctly take advantage of this real fact and then start flooding a person’s inbox plus snail-mail box by using hundreds of no interest APR credit cards offers shortly when the holiday season closes. Knowing that when you are like 98% in the American general public, you’ll get at the one opportunity to consolidate financial debt and switch balances towards 0 rate credit cards. nnnmloo https://pancreasmedi.com – stomach meds otc

  33. I truly love your blog.. Very nice colors & theme. Did you make this amazing
    site yourself? Please reply back as I’m wanting to create my very own website and would love to learn where you got this
    from or just what the theme is named. Kudos!

  34. I will immediately seize your rss feed as I can’t in finding your email subscription hyperlink or newsletter service.
    Do you have any? Kindly let me realize so that I could subscribe.
    Thanks.

  35. I will immediately grab your rss feed as I can’t in finding your e-mail subscription hyperlink or e-newsletter
    service. Do you have any? Please permit me realize
    in order that I may just subscribe. Thanks.

  36. Pretty section of content. I just stumbled upon your website and in accession capital to say that I get actually loved account your weblog posts. Any way I will be subscribing for your feeds or even I achievement you get right of entry to consistently fast.

  37. I’m not that much of a internet reader to be honest but your blogs really nice,
    keep it up! I’ll go ahead and bookmark your website to come back later on. Many
    thanks

  38. I have been browsing on-line more than three hours these
    days, but I by no means discovered any attention-grabbing article like yours.
    It’s beautiful worth enough for me. Personally, if all webmasters and bloggers made good content material as you probably did, the internet
    might be much more helpful than ever before.

  39. It is appropriate time to make some plans for the longer term
    and it is time to be happy. I’ve learn this publish and if I
    may I want to counsel you few attention-grabbing things or tips.
    Maybe you can write subsequent articles regarding this
    article. I desire to read even more issues approximately
    it!

  40. I simply couldn’t go away your site prior to suggesting that I extremely enjoyed the standard information a person provide to your visitors?

    Is gonna be back incessantly in order to inspect new posts

  41. I like what you guys tend to be up too. This kind of clever work and coverage!
    Keep up the superb works guys I’ve added you guys to my own blogroll.

  42. Hello! I’ve been reading your blog for a
    long time now and finally got the bravery to go
    ahead and give you a shout out from New Caney Texas!
    Just wanted to mention keep up the great work!

  43. Good post. I learn something totally new and challenging on blogs I stumbleupon on a daily basis.
    It will always be helpful to read articles from other authors and use something from their websites.

  44. What does Clomid do for men? clomid for sale works via blocking estrogen receptors in the intellectual, which can increase the moving picture of testosterone and sperm payment men. Your majority has a complex pattern benefit of controlling its understandable work of testosterone Clomid.

  45. Thanks for discussing your ideas with this blog. In addition, a delusion regarding the banking institutions intentions while talking about foreclosures is that the bank will not take my repayments. There is a certain amount of time in which the bank is going to take payments occasionally. If you are too deep inside hole, they will commonly call that you pay the payment completely. However, that doesn’t mean that they will not take any sort of payments at all. In the event you and the bank can manage to work a little something out, this foreclosure method may stop. However, should you continue to miss payments in the new approach, the foreclosed process can pick up where it was left off.

  46. I’ve been surfing online greater than three hours today, yet I by no means
    discovered any fascinating article like yours. It’s beautiful value enough for me.
    In my opinion, if all webmasters and bloggers made
    just right content material as you did, the internet will probably be a lot more helpful than ever before.

  47. Excellent post. I used to be checking continuously this blog and I am impressed! Very useful info specifically the remaining phase 🙂 I handle such information a lot. I used to be looking for this particular information for a very long time. Thank you and best of luck.

  48. It’s perect time tto make some plawns foor thhe future andd itt iss timke too bbe happy.
    I hafe read tyis post and iff I could I wish tto suggest youu soome interesting
    thingss orr tips. Perhaps you coulpd write nest articles
    referring tto tjis article. I desire to red evn moree tthings abot
    it!

  49. Hey there just wanted to give you a quick heads up. The text in your
    article seem to be running off the screen in Ie. I’m not sure
    if this is a formatting issue or something to do with browser compatibility but I figured I’d post to let you know.
    The style and design look great though! Hope you get the problem fixed soon.
    Kudos

  50. I’ve been surfing on-line more than 3 hours as of late,
    yet I never found any attention-grabbing article like yours.
    It’s beautiful value sufficient for me. Personally, if all website owners and
    bloggers made just right content material as you did, the web can be much
    more useful than ever before.

  51. I will immediately grab your rss feed as I can’t in finding
    your email subscription link or newsletter service.
    Do you have any? Please allow me recognize in order that I may subscribe.
    Thanks.

  52. I know this if off topic but I’m looking into starting my own blog and was curious
    what all is needed to get set up? I’m assuming having a blog
    like yours would cost a pretty penny? I’m not very web smart so I’m not 100% certain.
    Any recommendations or advice would be greatly appreciated.
    Cheers

  53. Is tadalafil the constant as Cialis. where to buy cialis canada, or Tadalafil, is the unmodified as cialis in terms of its active ingredient (tadalafil), its effectiveness and side effects. The dissimilitude you may see is in the cost, with generic medicines tending to be less expensive.

  54. It is the best time to make a few plans for the longer term and it’s time to
    be happy. I’ve read this put up and if I could I wish to recommend you few attention-grabbing issues
    or advice. Perhaps you could write subsequent articles
    relating to this article. I want to read even more things about it!

  55. Hello would you mind letting me know which
    webhost you’re working with? I’ve loaded your blog in 3 different web browsers
    and I must say this blog loads a lot faster then most.
    Can you suggest a good web hosting provider at a reasonable price?
    Kudos, I appreciate it!

  56. Aw, this was a very nice post. Taking the time and actual effort to generate a very good article… but what can I say… I hesitate a whole lot and don’t seem to get nearly anything done.

LEAVE A REPLY

Please enter your comment!
Please enter your name here