(3 Minutes Read)
The leadership of MTN Mobile Money Uganda (MTN MoMo), led by Chief Executive Officer Richard Yego, paid a high-level courtesy visit to the Governor of the Bank of Uganda (BoU), Dr. Michael Atingi-Ego, on Friday in a strategic engagement aimed at strengthening collaboration between the private sector and the financial regulator.
The meeting focused on advancing joint efforts to accelerate digital financial inclusion across Uganda, underscoring the shared commitment to leveraging technology to expand access to formal financial services. The MTN MoMo delegation comprised senior executives from across the MTN Group, including Sylvia Mulinge, Chief Executive Officer of MTN Uganda; Dennis Kakonge, General Manager for Corporate Services; Stephen Mutana, Chief Strategy and Transformation Officer; and Samuel Gitta, General Manager for Risk and Compliance at MTN Uganda. Their presence highlighted the group-wide importance of regulatory alignment, risk management, and compliance in driving sustainable digital finance growth.
The engagement reaffirmed MTN MoMo’s dedication to delivering secure, accessible, and innovative digital financial solutions that enhance financial inclusion and contribute meaningfully to the economic empowerment and financial well-being of Ugandans.
According to Yego, discussions during the meeting centered on three strategic priorities critical to the continued expansion of Uganda’s digital financial ecosystem. First was the acceleration of digital financial inclusion through collaborative strategies aimed at integrating unbanked and underbanked populations into the formal financial system, primarily by leveraging the reach and convenience of mobile money platforms.
Second was strengthening public–private cooperation, particularly through closer engagement with the Bank of Uganda on initiatives that simultaneously promote financial sector stability and encourage responsible technological innovation.
Third was a review of MTN MoMo’s ongoing efforts to deploy digital financial products that meet the highest standards of security, reliability, and accessibility, ensuring customer trust and system resilience as transaction volumes continue to grow.
The MTN MoMo leadership reaffirmed its unwavering commitment to working collaboratively with regulators and other stakeholders to build a secure, inclusive, and digitally empowered financial ecosystem. They emphasized that sustainable progress in digital finance can only be achieved through collective action and shared responsibility. “Together, we can redesign the future of finance in Uganda in a way that creates opportunities that uplift and strengthen the financial health of every Ugandan,” Yego stated.
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Yego further noted that such strategic partnerships are essential as Uganda increasingly relies on mobile money as a key driver of economic activity and financial access, in alignment with the country’s national development ambitions. The collaboration between MTN MoMo, as a leading digital financial services provider, and the Bank of Uganda, as the sector’s regulator, remains critical in fostering trust, regulatory certainty, and the stability required to support the next phase of digital finance growth in Uganda.
