Advancing fintech innovation in Uganda: A market and policy assessment, Uganda

• Jul 26, 2025
• 1 min

Uganda’s FinTech ecosystem is rapidly evolving, but regulatory and policy interventions are needed to accelerate market development and financial inclusion. To address this, The Cambridge Centre for Alternative Finance (CCAF) partnered with MSC to assess Uganda’s FinTech landscape, analyze industry trends, and recommend regulatory frameworks that support innovation while ensuring financial inclusion.

MSC undertook the following key activities to develop the industry Code of Conduct for FITSPA:

• We mapped Uganda’s FinTech sector by identifying active startups, key players, and emerging business models while benchmarking its landscape against global and regional markets.
• We engaged with finTech firms, financial institutions, and regulators to understand challenges and opportunities, providing evidence-based recommendations for a progressive regulatory environment.
• We developed an industry Code of Conduct for the FinTech Service Providers Association (FITSPA), establishing guidelines on consumer protection, transparency, cybersecurity, and IT resilience.

The project strengthened Uganda’s fintech regulatory landscape by providing targeted policy recommendations to foster innovation while ensuring financial inclusion. It supported digital finance solutions for underserved populations, promoting greater access to financial services. Through stakeholder engagement, the project facilitated collaboration between FinTech startups, financial institutions, and regulators, creating a more cohesive ecosystem. It also established industry standards by developing the FITSPA Code of Conduct, ensuring ethical practices, consumer protection, transparency, and cybersecurity.