Fintech players urged to harmonies their network platforms to maximize digital solutions delivery, reduce design cost.

The 7th The Financial Technology Service Providers Association of Uganda (FITSPA) Annual Fintech Conference 2025, kicked off on 7th running through 8th October 2025, convening leaders shaping the Fintech community in Uganda. 

In bid to design digital Fintech solutions that caters for the Africa’s utility and Fintech community customers, fintech players using and developing have been urged to create a Fintech ecosystem that sub compete but speak to various Fintech agents to allow more customers access the services and reduce the cost of developing different networks for the same purpose.

Bob Munene Bonabo

Mr. Bob Bonabo Munene, the Assistant Commissioner in the Finance ministry in his Opening remarks reaffirmed the support the ministry is providing to the Fintech community as an ally to support the efficiency of government service delivery. 

“To fintech innovators, you have to continue to be bold creative and responsive to the real needs of our people. To investors and partners, consider Uganda as a strategic partner in investment solutions, create jobs and empower community” he said

While applauding the FITPA managements for the role they play said, “your role is critical to national priorities therefore continue being that strong bridge between fintech associations, government and investors.”

He called up on other government. Agaencies to partner with fi tech somutions to deliver financial change to Uganda.

Vincent Tumwijukye

The FITSPA Chairperson, Mr. Vincent Tumwijukye, while welcoming delegates said that “I extend my appreciation to Corporate venture capitals in attendance. I believe that God has prepared you to sit in these big offices in a time like this in order to scale innovation through venture capitals. Leaders like you could make a mark in history. With your voice, you’re able to shine a torch on other venture firms that are not in the room with us now but can participate in a game they’d love to play in.” 

Mr. Sitoyo Lopokoiyit, MD, M-Pesa Africa, who gave a key note speech said that in order to minimizes the cost of developing fintech networks, there is need to work together with regulator and other network developers to serve customers and allow local fintech compete globally.

“Design solutions that fit in the utility nature of Africa. As we sub compete, let’s build solutions that speak to various agents. The story of Africa will change if we are not careful with AI. It determines what we see and determine how to influence us. This would be the newest deadliest form of colonialism. So let’s build algorithm for Africa to solve African problems.“

Sitoyo Lopokoiyit

Citing an example of his 15 years son who at his teenage age is always is already making digital money, he noted that young people are making money different away from the normal systems.  

“Last year, my 15 year old son made USD 25,000 and he is still in high school. The way in which young people are using money is completely different from most of the adults in this room. Young people see everything and have ambition” he said

During the panel discussion various industry players addressed topics such as “Navigating new frontiers as architects of transformation” including MTN CEO Sylvia Mutundwe, MTN Momo MD Mr Richard Yego, MD M-Pesa Sitoyo Lopokoiyit moderated by Peter Kawumi Regional Managing Director Interswitch.

Lyn Tukei at the exhibition 

Among the sponsors and exbitors at the conference themed: “Fintech for Sustainable Growth: Innovations, Investments, and Inclusion.” Was The Capital Markets Authority where the Director, Market Supervision Department Mr. Dennis Kizito discussed “From Compliance to Confidence: Regulation as an Enabler of Inclusive Fintech Growth.” 

CMA continues to play an active role in shaping policies that foster innovation, inclusion, and confidence in Uganda’s financial and capital markets development

CMA’s Communications & PR Manager, Ms. Lyn Tukei, while at the exhibition on the sidelines of the conference revealed the existing investment opportunities available in Uganda’s capital markets, cautioning the public against investing with unlicensed firms or individuals.

Another exhibitor, and sponsor, CWG Uganda the African Multinational IT systems and solutions company championing a new Africa through technological innovation unveiled innovations such as: Finedge – Micro Banking for inclusive financial services, BillsnPay – Seamless Bill Presentment & Payment, Kuleanpay – Risk Management for Transacting Parties ammo g others.