Global Swiss Payment Fintech Giant - BPC becomes first platinum Member of FITSPA Uganda.

BPC, a global leader in enabling payment solutions, fraud management, among others has strategically partnered with the Financial Technology Service Providers Association of Uganda (FITSPA) as the first platinum member to enhance Fintech solutions in Uganda that will a rat of different digital solutions to brigade traditional business with digital enabling spacs.

During the signing ceremony between BOC and FITSPA held on Wednesday 14th June 2023 at FITSPA headquarters in Kampala, the Managing Director BPC, Head of Sub Sahara Africa Mr Frank Molla said the partnership with FITSPA will go along way in enhancing the uptake of Fintech solutions through advocacy, leveraging on the local partnership while offering different digital solutions including enabling card switches, e-commerce, agent banking, fraud management among others.

“With this part partnership we believe we will win within the competitions by bridging traditional business into the digital space. As a platinum partners we will promote the use of a rat of different digital solutions like switching card management, fraud management, e-commerce, agent banking additions” he said.

On the other hand the Engagement Partner FITSPA Zianah Nyiramanza Muddu pictured above said that members of FITSPA will enjoy the enhanced Fintech services, enabling the financial and other sectors improve existing solutions in this revolving industry.

She said they will improve software connections of the difference Fintech services especially solving challenges like cyber fraud, and payment platform.

“Members benefits include Fintech management I payment systems like ATMs, POS machine, national switch management through connection partnerships with players” she said

Zianah said that FITSPA over the period of five years has registered various milestones like member growth of up to 206, improved relationship with the regulators, introduction of programs for Women and youth, trainings among others.

“We are celebrating 5 years in Uganda, we plan to expand to the regional level, we have introduced other programs like FITSPA women, and Youth and member trainings” she said

FITSPA, Uganda is premier fintech body, that has cultivated a reputation for building an engaged, value-driven community. FITSPA's mission to create a safe and regulated fintech ecosystem according to BPC aligns seamlessly with BPC's commitment to delivering robust, reliable financial technologies.

Fintech in Uganda presents a landscape filled with vast opportunities. With a rapidly growing population embracing digital transformation, there is a surge in demand for innovative financial solutions that can improve financial inclusion and socio-economic growth. Digital investment in the nation is set to reach a total transaction value of US$10.57 million in 2023, and the digital payments market is projected to encompass 18.22 million users by 2027.

As the mobile and internet penetration rates rise, digital payments, mobile banking, and online financial services are becoming increasingly prevalent. The government's supportive regulatory framework fosters a conducive environment for fintech innovation and entrepreneurship. The evolution of fintech has the potential to drive financial literacy, increase access to credit, improve business efficiencies, and stimulate economic activity, creating a more resilient and vibrant financial ecosystem in Uganda.

BPC has built a strong reputation for understanding and mastering local banking and payment context and behaviour. With 350 customers across 100 countries globally, BPC has collaborated with all ecosystem players ranging from tier one banks to neobanks, Payment Service Providers (PSPs) to large processors, ecommerce giants to start-up merchants, and government bodies to local hail riding companies, contributing to better financial inclusion using next-generation technology.

BPC partners with Financial Technology Association of Uganda to foster Fintech innovations. 

BPC, a global leader in enabling payment solutions, fraud management, among others has strategically partnered with the Financial Technology Service Providers Association of Uganda (FITSPA) enhance Fintech solutions in Uganda that will a rat of different digital solutions to brigade traditional business with digital enabling spacs. 

During the signing ceremony between BOC and FITSPA held on Wednesday 14th June 2023 at FITSPA headquarters in Kampala, the Managing Director BPC, Head of Sub Sahara Africa Mr Frank Molla said the partnership with FITSPA will go along way in enhancing the uptake of Fintech solutions through advocacy, leveraging on the local partnership while offering different digital solutions including enabling card switches, e-commerce, agent banking, fraud management among others.

“With this part partnership we believe we will win within the competitions by bridging traditional business into the digital space. As a platinum partners we will promote the use of a rat of different digital solutions like switching card management, fraud management, e-commerce, agent banking additions” he said.

On the other hand the Engagement Partner FITSPA Zianah Nyiramanza Muddu said that members of FITSPA will enjoy the enhanced Fintech services, enabling the financial and other sectors improve existing solutions in this revolving industry.

She said they will improve software connections of the difference Fintech services especially solving challenges like cyber fraud, and payment platform. 

“Members benefits include Fintech management I payment systems like ATMs, POS machine, national switch management through connection partnerships with players” she said 

Zianah said that FITSPA over the period of five years has registered various milestones like member growth of up to 206, improved relationship with the regulators, introduction of programs for Women and youth, trainings among others.

“We are celebrating 5 years in Uganda, we plan to expand to the regional level, we have introduced other programs like FITSPA women, and Youth and member trainings” she said

FITSPA, Uganda is premier fintech body, that has cultivated a reputation for building an engaged, value-driven community. FITSPA's mission to create a safe and regulated fintech ecosystem according to BPC aligns seamlessly with BPC's commitment to delivering robust, reliable financial technologies. 

Fintech in Uganda presents a landscape filled with vast opportunities. With a rapidly growing population embracing digital transformation, there is a surge in demand for innovative financial solutions that can improve financial inclusion and socio-economic growth. Digital investment in the nation is set to reach a total transaction value of US$10.57 million in 2023, and the digital payments market is projected to encompass 18.22 million users by 2027. 

As the mobile and internet penetration rates rise, digital payments, mobile banking, and online financial services are becoming increasingly prevalent. The government's supportive regulatory framework fosters a conducive environment for fintech innovation and entrepreneurship. The evolution of fintech has the potential to drive financial literacy, increase access to credit, improve business efficiencies, and stimulate economic activity, creating a more resilient and vibrant financial ecosystem in Uganda.

BPC has built a strong reputation for understanding and mastering local banking and payment context and behaviour. With over 400 customers across 100 countries globally, BPC has collaborated with all ecosystem players ranging from tier one banks to neobanks, Payment Service Providers (PSPs) to large processors, ecommerce giants to start-up merchants, and government bodies to local hail riding companies, contributing to better financial inclusion using next-generation technology.