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Discover Xente's strategic achievements across Africa
Xente acquires Uganda Payment Licenses
Xente has secured two critical licenses from the Bank of Uganda, solidifying its position as a regulated financial institution.
Xente has secured two critical licenses from the Bank of Uganda, solidifying its position as a regulated financial institution:
- •Payment Systems Operator (PSO): This allows Xente to operate the backend infrastructure for digital payments.
- •Issuer of Payment Instrument (Class A): This license specifically authorizes Xente to issue Payment Cards, making it one of the few fintechs in the region with the legal mandate to issue physical and virtual corporate cards.
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The Independent
BoU grants license to Xente Tech as Payment Systems Operator
Xente & Visa Partner to offer corporate Cards
Xente partnered with Visa and Ecobank to launch physical and virtual Visa Business Cards for African businesses.
In a major move to digitize business spending, Xente partnered with Visa and Ecobank to launch physical and virtual Visa Business Cards.
- •These cards allow Ugandan companies to pay global vendors (like AWS, Google, or Facebook) and manage petty cash or travel expenses in real-time.
- •The launch of the Visa Business card was a pivotal moment for Ugandan SMEs needing to pay global vendors.
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Verto partners with Xente for cross-border payments
Xente partnered with Verto to streamline cross-border foreign exchange and payments for the NGO sector.
Xente partnered with Verto to streamline cross-border foreign exchange and payments. This initiative specifically targeted the NGO sector in Uganda.
- •Enabling NGOs and organizations to send and receive international funds more transparently.
- •Simplifying the process of cross-border transactions with favorable exchange rates and reduced friction.
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