Xente, a financial technology platform that simplifies company finance acquired a Payment Systems Operator (PSO) license from the Bank of Uganda on August, 8th, 2022. The license opens up opportunity for Xente to provide world-class financial technology solutions to businesses in Africa and is a commitment to Xente customers, partners, and other stakeholders, that they are offered a safe and compliant service.
With the Xente platform, businesses and their teams are able to make simple payments to teams, suppliers, and other beneficiaries using physically issued VISA cards, mobile money, domestic and international bank transfers, pay bills, send airtime and data, and lots more.
Additionally, businesses are able to control and monitor their expenditure concurrently, which empowers them to manage accounting and finance complexity in one convenient digital platform.
Xente aims at solving a problem for businesses that rely on manual, cash payment processes, by providing tools that automate everyday business payments and finance operations.
The National Payment System Act 2020 implemented under the National Systems Regulations, seeks to drive the digitization of Uganda entities and streamline payment systems operators in Uganda.
"Xente acquired the Payment Systems Operator (PSO) license under the National Payment Systems Act issued by Bank of Uganda."
"Here is a list of 10 essential software tools we recommend every business should have in their arsenal to run an efficient business "
"It goes without saying that businesses that survive and grow are those that are able to bring in more money than they spend. Save time and money whilst managing company spend. "
"When we pitch businesses to adopt digital payments, many of them say no. Here are the 5 worst reasons they have given us for saying no. "