Money Remittance Operator — Uganda
The Uganda category mapped to cross-border remittance.
Regulator: Bank of Uganda.
Separate money-remittance licensing regime (distinct from the NPS Act). Facts conditional on locating BoU's official licensed-remitters list.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-24 · unchanged since the previous check.
Licensed providers
103 entitiesShowing 103 of 103
Reading the tables
- not dated
- — the official source publishes no date of its own. We show our own last-checked date instead of inventing one for the regulator.
Licence requirements
What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.
| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | Current: UGX 200,000,000 (10,000 currency points × UGX 20,000). [Superseded 2006 figure: 2,500 CP = UGX 50,000,000.] (computed — see source note) Verbatim“The minimum paid up share capital to carry out money remittance business shall be ten thousand currency points. … a minimum paid-up share capital of two thousand and five hundred currency points” | Foreign Exchange (Amendment) Act, 2023 | 2023 |
| Local presence / incorporation | Local incorporation mandatory — company limited by shares, ≥2 shareholders Verbatim“An applicant … shall be locally incorporated in Uganda as a company limited by shares … only a body incorporated under the Companies Act … with a minimum of two shareholders shall qualify for a licence” | Foreign Exchange (Forex Bureaus and Money Remittance) Regulations, 2006 (S.I. 2006 No. 17) | 2006 |
| Timeline | Processing: within 3 months of a complete application. Validity: open-ended post-2023 (was 12 months renewable under the 2006 Regs). Verbatim“The Bank of Uganda shall, within three months after receipt of a complete application … consider the application … A licence … shall remain valid, unless suspended or revoked” | Foreign Exchange (Forex Bureaus and Money Remittance) Regulations, 2006 (S.I. 2006 No. 17) | 2006 |
| Local ownership | No such requirement: No local-shareholding percentage prescribed (≥2 shareholders, no nationality quota) | Foreign Exchange (Forex Bureaus and Money Remittance) Regulations, 2006 (S.I. 2006 No. 17) | 2006 |
| Fees | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Ongoing obligations | Keep customers' funds separate (reg 20); AML/CFT; maintain security deposit (reg 19); on-going min-capital fund unimpaired by losses (2023 Act new s.5A); BoU supervision/inspection Verbatim“The minimum capital fund … unimpaired by losses, shall not be less than the minimum capital required under section 5(3) and 5(4) … Customers' funds to be kept separately” | Foreign Exchange (Amendment) Act, 2023 | 2023 |
Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
The equivalent in other markets
Categories mapped to the same normalized activity —
fintech:REMITTANCE_XBORDER:
- → International Money Transfer Operators (IMTO) (Nigeria)
- → Money Remittance Provider (Kenya)
- → International Money Transfer Operator (Ghana)
- → Authorised Dealer in foreign exchange with Limited Authority - Category 3 (South Africa)
- → Money Transfer Service Provider (Tanzania)
- → Money Transfer Service Provider (Zambia)
- → Remittance (Rwanda)
- → Money Remittance/Transfer Agency (Ethiopia)
- → Établissement de paiement spécialisé, exclusivement, en matière de transfert de fonds (Morocco)
- → Authorised Dealer with Limited Authority - Tier 1 (Zimbabwe)
- → Authorised Dealer with Limited Authority - Tier 2 (Zimbabwe)
- → Messagerie financière (DR Congo)
- → Instituição de transferência de fundos (Mozambique)
- → Casa de câmbio autorizada a exercer actividade de remessa de valores (Angola)
- → Foreign Exchange Bureau and Money Transfer (Lesotho)
- → Non-Account Based Payment Services (Money Remittance Service) (Botswana)
- → Money Service Provider (Money Transfer Agent) (Malawi)
- → Établissement de paiement (Tunisia)
- → Money Transfer Business (Somalia)
- → Établissement de paiement de transmission de fonds à l'international (Burundi)
- → Auxiliaire financier (Djibouti)
- → Payment service provider (Seychelles)