{"id":72543,"date":"2024-05-03T19:26:41","date_gmt":"2024-05-03T19:26:41","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=72543"},"modified":"2024-05-03T19:02:01","modified_gmt":"2024-05-03T19:02:01","slug":"central-bank-moots-sanctions-on-errant-mobile-money-agents","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents","title":{"rendered":"Central Bank moots sanctions on errant mobile money agents"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Bank of Uganda has said it could take legal action against mobile money operators who do not heed the directive that requires them to ask for valid identification documents of individuals who make transactions of Shs1 million and above.<\/b><\/p>\n

The directive was expected to take effect on April 19, but a survey conducted by Nation Media Group – Uganda in Kampala on Monday found that the majority of the mobile money agents are not enforcing it.<\/p>\n

However, telecom giants MTN Uganda and Airtel Uganda have sent messages to their customers regarding the directive from the Central Bank.<\/p>\n

The directive compels Ugandans to present National IDs while foreigners are expected to present their passports. Refugees are expected to produce their identification cards or attestation letters.<\/p>\n

Mr Andrew Kawere, the deputy director of the National Payment Systems Department at the central bank\u2019s finance directorate, said the directive is geared towards curbing cyber-crimes that have compromised mobile money systems.<\/p>\n

\u201cDigital payments have increased significantly. Sixty-four percent of Ugandans today are processing payments digitally. Identification may look like a big challenge, but it is good for the bigger good of the financial sector,\u201d he said.<\/p>\n

The directive is provided for in the National Payments Systems Act of 2020 and according to Mr Kawere, Bank of Uganda has held talks with licensed mobile money operators.<\/p>\n

\u201cWe do understand that in the initial implementation, there will be a bit of friction, but there is a plan to move towards biometric verification in the medium term. This is being worked on between the Bank of Uganda and the mobile money operators,\u201d he said.<\/p>\n

Mr David Birungi, the public relations manager at Airtel Uganda, told NTV, a sister company of this publication, that the implementation process is on.<\/p>\n

\u201cThat is a huge change. It requires implementation of biometrics where we can and in other cases to print books where people will leave their national identification numbers and sign, having identified themselves and showed an original national ID,\u201d he said.<\/p>\n

\u201cI would not expect that this implementation is going to instantly cover every person, but the journey is on. We have distributed the books and we are complying,\u201d he added.<\/p>\n

On their part, MTN Uganda said they will work with the agents to comply and effect the instruction to achieve the wider safety and financial inclusion objectives for the nation.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Bank of Uganda has said it could take legal action against mobile money operators who do not heed the directive that requires them to ask for valid identification documents of individuals who make transactions of Shs1 million and above. The directive was expected to take effect on April 19, but a […]<\/p>\n","protected":false},"author":84,"featured_media":72542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-72543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nCentral Bank moots sanctions on errant mobile money agents - Uganda<\/title>\n<meta name=\"description\" content=\"The Bank of Uganda has said it could take legal action against mobile money operators who do not heed the directive t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank moots sanctions on errant mobile money agents\" \/>\n<meta property=\"og:description\" content=\"The Bank of Uganda has said it could take legal action against mobile money operators who do not heed the directive t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-03T19:26:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/05\/sm_1714749945.435064.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank moots sanctions on errant mobile money agents\",\"datePublished\":\"2024-05-03T19:26:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents\"},\"wordCount\":412,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/05\/sm_1714749945.435064.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/central-bank-moots-sanctions-on-errant-mobile-money-agents\",\"name\":\"Central Bank moots sanctions on errant mobile money agents - 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