Multigate, a licensed financial services platform company that delivers secure and innovative digital solutions to address the complex financial needs of corporates and financial institutions, has been granted a Money Remittance Business license by the Bank of Uganda and an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria. This marks another significant milestone in Multigate’s commitment to delivering innovative digital solutions governed by leading regulatory and security standards. These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.
“The acquisition of a Money Remittance Business license from the Bank of Uganda, following the same from Nigeria and Canada, further strengthens our position as a trusted solutions provider that takes regulations seriously.
We thank the Bank of Uganda for the diligent and rigorous review process they took us through to ensure we met all requirements.
The remittance industry is crucial in advancing Africa’s economy and enhancing African organisations’ regional and global trade.
With these licenses, we are excited and prepared to expand our cross-border payment solution to our valued clients and partners in Uganda and Nigeria.”
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