FITSPA Uganda

The Financial Technologies Services Providers’ Association (FITSPA) is the umbrella body for Fintechs in Uganda with over 215 members.

[FITSPA Uganda @FitspaUG]

📢 SAVE THE DATE: 𝐓𝐡𝐞 𝟖𝐭𝐡 𝐅𝐈𝐓𝐒𝐏𝐀 𝐀𝐧𝐧𝐮𝐚𝐥 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝟐𝟎𝟐𝟔

We are excited to announce the 8th FITSPA Annual Fintech Conference 2026, scheduled for 📅 6–7 October 2026 at the 📍 Sheraton Hotel, Kampala, Uganda.

Under the theme, “𝑺𝒄𝒂𝒍𝒊𝒏𝒈 𝑭𝒊𝒏𝒕𝒆𝒄𝒉 𝑰𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒐𝒏 𝒇𝒐𝒓 𝑰𝒏𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝑮𝒓𝒐𝒘𝒕𝒉 𝒂𝒏𝒅 𝒂 𝑹𝒆𝒔𝒊𝒍𝒊𝒆𝒏𝒕 𝑫𝒊𝒈𝒊𝒕𝒂𝒍 𝑬𝒄𝒐𝒏𝒐𝒎𝒚,” the Conference will convene over 700 stakeholders from across the fintech ecosystem, including regulators, financial institutions, investors, digital infrastructure providers, development partners, innovators, and academia.

🤝 You can participate as a partner, sponsor, exhibitor, speaker, or attendee.

📘 For insights into the discussion themes, programme highlights, and participation opportunities, explore the Conference Concept Note: https://t.co/xpBZHfgoCU

🌍 Join us as we explore the policies, partnerships, technologies, and investments shaping the future of fintech and digital transformation in Africa.

📩 To learn more or explore how best you can participate, contact us at [email protected].

#FAFC2026 #FITSPA #FintechConference #DigitalTransformation #InclusiveGrowth #Innovation #AfricaTech

[FITSPA Uganda @FitspaUG]

📌 𝐂𝐥𝐨𝐬𝐢𝐧𝐠 𝐑𝐞𝐦𝐚𝐫𝐤𝐬: In his closing remarks, Kenneth Kwesiga, Chairperson of the @FitspaUG Technology and Innovation Committee, appreciated regulators, innovators, fintech companies, and ecosystem stakeholders for their participation and contribution to the discussions.

He recognized the strong interest and diverse participation in the forum, noting that innovation will always move faster than regulation. However, he appreciated regulators for consistently engaging with industry players and being part of conversations shaping the future of emerging technologies.

Kwesiga encouraged innovators to embrace responsible innovation, emphasizing that businesses must be built with integrity, accountability, and a commitment to creating sustainable value.

He further called for faster progress in developing appropriate regulatory frameworks, noting that delays in addressing emerging technologies can affect investment, adoption, and market development.

Highlighting Uganda’s broader economic ambitions, he noted the country’s aspiration to grow from a USD 50 billion to a USD 500 billion economy, emphasizing that innovators must continue to build solutions that are globally competitive while responding to local needs.

He concluded by encouraging all stakeholders to remain informed, collaborate, and ensure that Uganda continues to position itself to benefit from emerging global technology trends.

#FITSPA #CryptoAssets #VirtualAssets #FintechUganda #DigitalTransformation #Innovation #DigitalEconomy #FinancialInnovation

[FITSPA Uganda @FitspaUG]

📌 𝐓𝐚𝐱 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐬𝐬𝐢𝐨𝐧: 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐓𝐚𝐱 𝐎𝐛𝐥𝐢𝐠𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐀𝐬𝐬𝐞𝐭 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦

As cryptocurrency trading and virtual asset activities continue to expand in Uganda, conversations around tax compliance, regulation, and financial accountability are becoming increasingly important.

During the Sector Forum on Crypto & Virtual Assets, Doreen Nayiga and Ivan Mugarura from the @URAuganda facilitated a Tax Education Session, providing insights into Uganda’s current fiscal and regulatory framework for virtual assets.

The session highlighted that while the digital asset landscape continues to evolve rapidly, understanding tax obligations is essential for building a compliant, transparent, and sustainable virtual asset ecosystem.

The @URAuganda shared key considerations for taxpayers, noting that cryptocurrencies are treated as taxable assets rather than legal tender in Uganda.

With Uganda’s crypto market estimated to have exceeded UGX 896 billion in volume, the URA highlighted the importance of strengthened tax awareness and compliance mechanisms, including the use of emerging frameworks such as the Crypto-Asset Reporting Framework (CARF) to enhance visibility within the sector.

Key areas highlighted included:
⭐️ Income and Capital Gains: Profits generated from trading, selling, or exchanging cryptocurrencies may attract applicable taxes.
⭐️ Asset Tracking and Reporting: The URA continues to strengthen its capacity to identify virtual asset activities, including transactions conducted through peer-to-peer (P2P) platforms.
⭐️ Compliance and Enforcement: Individuals and businesses involved in virtual asset activities are encouraged to fulfil their tax obligations, as failure to declare taxable income may result in assessments and enforcement actions.

The session provided clarity on the importance of proactive compliance as Uganda’s virtual asset ecosystem continues to develop.

#FITSPA #CryptoAssets #VirtualAssets #TaxCompliance #DigitalFinance #FintechUganda #FinancialInnovation #DigitalEconomy #URA

[FITSPA Uganda @FitspaUG]

📌 Panel Highlights | The State and Future of Crypto and Virtual Assets in Uganda; Use Cases & Opportunities

What real value do virtual assets offer beyond speculation?

Moderated by Flavia Eleanor Kasenge, the discussion explored practical blockchain applications, stablecoins, cross-border payments, innovation, consumer protection, and the role of regulation in unlocking Uganda’s digital economy.

#FITSPA #CryptoAssets #VirtualAssets #Blockchain #FintechUganda

[FITSPA Uganda @FitspaUG]

📌 𝐏𝐈𝐂𝐓𝐎𝐑𝐈𝐀𝐋: 𝐏𝐚𝐧𝐞𝐥 𝐃𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧 | 𝐓𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨 𝐚𝐧𝐝 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐀𝐬𝐬𝐞𝐭𝐬 𝐢𝐧 𝐔𝐠𝐚𝐧𝐝𝐚: 𝐔𝐬𝐞 𝐂𝐚𝐬𝐞𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

The second panel discussion at the Sector Forum on Crypto & Virtual Assets explored the practical applications of virtual assets, separating genuine innovation from speculation while examining opportunities for Uganda’s digital economy.

Moderated by:
🎤 Ms. Flavia Eleanor Kasenge, CEO, NEXA AI Ltd

Panelists:
⭐ Isaac Wabuge, Country Manager & Growth Lead, Kenya and Uganda, @yellowcard_app
⭐ Wensi Nuwagaba, Managing Director, BrainWave Technologies
⭐ Ian Mubiru, Chief Commercial Officer, @RelworxLimited

The discussion explored whether virtual assets are simply speculative or whether they provide solutions to real financial challenges. Panelists agreed that while the sector has experienced scams and fraudulent schemes, these should not overshadow the potential of blockchain technology when used responsibly.

💡 Isaac Wabuge emphasized the importance of distinguishing between Ponzi schemes and legitimate virtual asset use cases. He encouraged users to understand the technology, exercise due diligence, and avoid investments that promise unrealistic returns.

💡 Ian Mubiru explained that stablecoins are emerging as one of the strongest use cases for virtual assets, particularly in cross-border payments, remittances, settlements, and digital value transfer. He stressed that successful adoption requires partnerships across the ecosystem and urged Uganda to embrace innovation while putting appropriate safeguards in place.

💡 Wensi Nuwagaba highlighted the opportunity for Uganda to become a creator rather than simply a consumer of technology. He noted that blockchain enables innovation that addresses local challenges and supports last-mile solutions.

The panel also drew lessons from markets such as Kenya, South Africa, and Nigeria, emphasizing the importance of creating environments where innovation can thrive under appropriate regulatory oversight while protecting consumers.

Key takeaway: Uganda’s virtual asset future will depend on balancing innovation, responsible adoption, consumer protection, and effective regulation through collaboration between regulators, industry players, and technology innovators.

#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialInnovation #FintechUganda #DigitalEconomy #Innovation

[FITSPA Uganda @FitspaUG]

💡 “Don’t confuse scams with the technology.” Isaac Wabuge of @yellowcard_app emphasized that while scams have affected the sector, virtual assets themselves are not the problem. Users should exercise due diligence, understand the technology, start small, and avoid schemes promising unrealistic returns.

#FITSPA #CryptoAssets #DigitalFinance #FinancialLiteracy

[FITSPA Uganda @FitspaUG]

🌍 “Stablecoins are solving real problems.” Ian Mubiru highlighted the growing role of stablecoins in cross-border payments, remittances, and digital settlements. Drawing lessons from South Africa and Nigeria, he noted that Uganda should move quickly to embrace innovation while putting the right safeguards in place.

#FITSPA #Stablecoins #Blockchain #Innovation

[FITSPA Uganda @FitspaUG]

🚀 “We should leverage blockchain, Uganda has the capacity to build, not just consume, technology.” Wensi Nuwagaba encouraged Uganda to leverage blockchain to solve local challenges.

He noted that the strength of virtual assets lies in enabling last-mile innovation and called for an ecosystem that empowers local innovators to create solutions for Ugandans.

#FITSPA #Blockchain #Innovation #DigitalEconomy #FintechUganda

[Galandi Tony Kiire @TonyKiire]

Don’t miss rich conversations from the distinguished expert !

[UCC @UCC_Official]

Uganda continues to contribute to global digital policy discussions at #WSISForum2026.

During the session on "Green Digital Action: The Road between COP30 and COP31," UCC's Director ICT & Research, Eng. Christine Mugimba shared Uganda's progress in digital inclusion, ICT e-waste management, sustainable communications infrastructure, and international standards development.

Through collaboration with @ITU and global partners, Uganda is advancing a greener, more inclusive and sustainable digital future.
#GreenDigitalAction #DigitalTransformation
@MoICT_Ug @UCC_ED @Bbossa

[CMA Uganda @CmaUganda]

Did you know?
Collective Investment Schemes (CIS) offer a variety of investment options to suit different financial goals and risk appetites.

Whether you're seeking stable returns through a Money Market Fund, long-term growth with an Equity Fund, a balance of growth and stability through a Balanced Fund, or the flexibility of an Umbrella Fund, there's an investment option designed to meet your needs.

Understanding the different types of CIS is the first step towards making informed investment decisions and achieving your financial goals.
#Capitalmarkets #Investoreducation #CMAAt30

[FITSPA Uganda @FitspaUG]

📌 𝐏𝐚𝐧𝐞𝐥 𝐃𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 𝐓𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨 𝐚𝐧𝐝 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐀𝐬𝐬𝐞𝐭𝐬 𝐢𝐧 𝐔𝐠𝐚𝐧𝐝𝐚: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲, 𝐑𝐢𝐬𝐤𝐬, 𝐏𝐨𝐥𝐢𝐜𝐲 & 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧

The first panel discussion at yesterday’s Sector Forum on Crypto & Virtual Assets explored Uganda’s virtual asset ecosystem, examining market activity, emerging risks, policy considerations, and the future direction of regulation.

Moderated by Ms. Doreen Lukandwa, Vice Chairperson, @FitspaUG, the panel featured:
⭐ Mr. Edward Amanyire, Manager Strategic Analysis, @ThefiaU
⭐ Mr. Dennis Kizito, Director Market Supervision, @CmaUganda
⭐ Mr. Suleiman Murunga, Director, @mudatech

A key message from the discussion was that Uganda’s virtual asset ecosystem requires a balanced approach that combines innovation, regulation, consumer protection, and financial integrity.

According to the National Money Laundering and Terrorism Financing Risk Assessment on Virtual Assets and Virtual Asset Service Providers, Uganda’s global virtual asset adoption ranking improved from 100th in 2022 to 34th in 2024, ranking 18th out of 155 countries for peer-to-peer exchange activity. The assessment also estimated USD 564.2 million in inflows and USD 545.5 million in outflows between July 2020 and June 2024.

Speaking from the regulatory perspective, Mr. Edward Amanyire emphasized that virtual assets are already here, making it important to understand both the technology and its risks. He noted that a high-risk assessment is not a call to stop innovation, but a call for stronger governance through a clear VASP regulatory framework, stronger AML/CFT controls, practical guidance for the private sector, and enhanced public-private collaboration.

From the capital markets perspective, Mr. Dennis Kizito encouraged stakeholders to study the market and build expertise ahead of future regulation. He noted that the CMA will continue using its regulatory sandbox to support innovation, including virtual asset use cases, while strengthening coordination through the Financial Sector Stability Forum.

Representing the industry, Mr. Suleiman Murunga highlighted the need for greater regulatory clarity to encourage responsible innovation. He noted that regulatory sandboxes have supported innovation in other markets and encouraged Uganda to adopt a practical approach that balances innovation with consumer protection.

As Uganda continues to shape the future of virtual assets, collaboration among regulators, policymakers, innovators, and industry players will be critical in building a trusted and sustainable digital asset ecosystem.

#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialInnovation #FinancialIntegrity #FintechUganda #DigitalEconomy

[Hope First Group @HopeFirst]

Currently at the advertised forum for crypto and virtual assets providers. @mudatech_ CEO Suleiman Muranga had made a compelling case on what the typical Ugandan user seeks after and why they are engaging in the space. Special thanks to @fitspaug

[Hope First Group @HopeFirst]

@ThefiaU and @FitspaUG shed light on the role of the Intelligence Authority and scope of their work from risk assessment, partnerships between key stakeholders, nature of ecosystem and challenges within the crypto and virtual asset sectors. Edward Amanyire @ThefiaU shared ideas.

[Muda Tech @mudatech_]

Yesterday, we joined key stakeholders at the Sector Forum on Crypto & Virtual Assets in Uganda, held at Protea Hotel, Kololo, under the theme “The State and Future of Crypto and Virtual Assets in Uganda.”

Cc: @ThefiaU, @FitspaUG, @HopeFirst

[FITSPA Uganda @FitspaUG]

📢 𝐏𝐑𝐄𝐒𝐄𝐍𝐓𝐀𝐓𝐈𝐎𝐍: 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐀𝐬𝐬𝐞𝐭𝐬 𝐚𝐧𝐝 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐀𝐬𝐬𝐞𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐌𝐋/𝐓𝐅 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐔𝐠𝐚𝐧𝐝𝐚

In a presentation, Edward Amanyire, Manager Strategic Analysis at the @ThefiaU reported the findings of Uganda’s first National Money Laundering and Terrorist Financing (ML/TF) Risk Assessment on Virtual Assets and Virtual Asset Service Providers.

The presentation highlighted the rapid growth of Uganda’s virtual asset ecosystem and the increasing need for a coordinated approach to understanding, managing, and governing emerging risks.

According to the assessment, Uganda’s virtual asset adoption ranking improved from 100th globally in 2022 to 34th in 2024, with the country ranking 18th out of 155 countries for peer-to-peer exchange activity. The report further estimated approximately USD 564.2 million in virtual asset inflows and USD 545.5 million in outflows between July 2020 and June 2024.

A key message from the presentation was that a high-risk assessment is not a call to stop innovation, but a call to govern it.

Amanyire emphasized the need for Uganda to establish a clear regulatory framework for Virtual Asset Service Providers (VASPs), strengthen Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) controls, provide practical guidance to private sector players, and enhance public-private collaboration to manage risks while allowing responsible innovation to thrive.

The assessment noted that while virtual assets present opportunities for financial innovation, their rapid evolution also requires stronger oversight around areas such as consumer protection, customer due diligence, transaction monitoring, and prevention of financial crimes.

The findings provide an important foundation for stakeholders to better understand Uganda’s virtual asset landscape and support the development of a balanced approach that promotes innovation, protects consumers, and strengthens the integrity of the financial system.

#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialIntegrity #AML #CFT #FintechUganda #DigitalEconomy

[Hope First Group @HopeFirst]

The second part of the panel where we are talking about use cases and opportunities in the crypto and virtual asset space. Hosted by @FitspaUG and moderated by COO of @EzeemoneyUG Flavia Kasenge. Isaac Wabuge of @yellowcard_app on the applications that exist in the region.

[Hope First Group @HopeFirst]

We are having a discussion about #regulation, #risk, #policy and #activity in the crypto and virtual asset spaces. Special thanks to the team @fitspaug #CapitalMarketsAuthority

[FITSPA Uganda @FitspaUG]

Within this global context, Uganda is emerging as one of Africa's fastest-growing virtual asset markets. According to the National Money Laundering and Terrorism Financing Risk Assessment on Virtual Assets and Virtual Asset Service Providers, Uganda's global virtual asset adoption ranking improved from 100th in 2022 to 34th in 2024. The country also ranked 18th out of 155 countries for peer-to-peer exchange activity and recorded an estimated USD 564.2 million in virtual asset inflows and USD 545.5 million in outflows between July 2020 and June 2024.

These developments demonstrate that virtual assets are already part of Uganda's financial ecosystem. Ms. Lukandwa emphasized that this makes it increasingly important for regulators, policymakers, financial institutions, fintechs, and other ecosystem stakeholders to build a shared understanding of the opportunities, risks, and policy considerations shaping the sector.

Held under the theme, "The State and Future of Crypto and Virtual Assets in Uganda," the Forum provides a platform for meaningful dialogue to inform policy, support responsible innovation, strengthen financial integrity, and contribute to the sustainable growth of Uganda's digital economy.

#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialInnovation #FinancialIntegrity #FintechUganda #DigitalEconomy