TerraPay Archives

Bank of Uganda faces scrutiny after cancelling the National Payments Switch tender, raising concerns over transparency, influence peddling, and procurement integrity. Allegations of favoritism and government interference spark debate on fair competition and financial sector governance in Uganda.

Allegations Of Influence Peddling And Bidder Favoritism As Bank Of Uganda Cancels Multi-Billion National Payments Switch Procurement Post-Award

The Bank of Uganda (BoU) has come under intense scrutiny following its abrupt cancellation of the National Payments Switch (BNPS) procurement process. This move has raised significant concerns over transparency, security, and

March 4, 2025

Business & Markets·News & Analysis·The Big Story

Customers at an MTN Mobile money booth. MTN Money Uganda Ltd controls the biggest market share of mobile lending in Uganda

MTN Mobile Money Uganda Limited, Dutch TerraPay partner to aid real-time money transfers into key international corridors

MTN Mobile Money Uganda Limited has partnered with Dutch global payments infrastructure company TerraPay, in a partnership that will enable MTN Mobile Money Uganda Limited in facilitating international digital cross border remittances

January 9, 2022