Pegasus Technologies Limited, one of Uganda’s top digital payment solutions providers, has reported impressive financial results for 2024, marked by strong revenue growth and a significant uplift in net profit…
Pegasus Technologies Limited, an indigenous Ugandan company, has become the fifth, company to receive a license from the Bank of Uganda to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments Act, 2020 (NPS Act 2020) and the National Payments Regulations, 2021. Pegasus is however the very first indigenous fintech to get the prized license. The only other companies with this license are Airtel Mobile Commerce Uganda Limited and MTN Mobile Money Uganda Limited, and InterSwitch (of Nigerian origin). The license- allows the company to directly transfer funds, as well as integrate with…
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As Uganda’s 14-day lockdown enters into day 2 and businesses generally suffer from Covid-19 related travel restrictions, Xente Tech, an African e-commerce, and financial services fintech has offered to migrate Ugandan micro-businesses to the Xente online sales platform for free. This limited-time offer will allow especially small businesses to stay trading, cutting costs and increase sales today and in the future, according to Allan Rwakatungu, Xente’s Chief Executive Officer. “If you sell physical products, we can quickly shift your sales channel mix from person-to-person and physical stores to new digital and online channels. We will put special emphasis on Buy…
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