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Mastercard has inaugurated its inaugural office in Uganda, a landmark step in its strategic expansion across East Africa. This new hub in Kampala highlights the company’s commitment to enhancing digital transformation and promoting financial inclusion within the region.
With Uganda’s economy expected to grow by 6.2% by 2025, establishing a local presence is set to boost collaboration with regional stakeholders. Mastercard aims to work closely with local partners to design tailored payment solutions that address the distinct needs of Ugandan consumers and businesses, ultimately contributing to the nation’s economic progress.
This expansion dovetails with Uganda’s ‘Digital Uganda Vision,’ a government initiative dedicated to harnessing digital technologies for national development. In line with this vision, Mastercard has signed a memorandum of understanding with the Ministry of ICT & National Guidance to fast-track the adoption of digital solutions that improve government services and widen financial access.
Further strengthening its position in the Ugandan market, Mastercard recently received a Payment System Operator (PSO) License from the Bank of Uganda under the National Payment Systems Act 2020. This license authorizes the company to manage essential financial operations—including settlement and clearing processes—within Uganda, positioning Mastercard as a key player in the country’s domestic payment ecosystem.
“Mastercard has a long-standing commitment to Africa, and the opening of our office in Uganda reinforces our dedication to this vibrant market,” said Mark Elliott, Division President for Africa at Mastercard. “Being on the ground allows us to better collaborate with local partners and drive the adoption of digital payment solutions that boost economic growth and foster financial inclusion. Our global expertise and innovative capabilities are central to advancing payment technologies in this market, and we extend our sincere gratitude to our network of partners in both the public and private sectors for their support.”
Adding to this enthusiasm, Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, noted, “Uganda presents immense opportunities for digital innovation. Our new office will serve as a hub for developing and deploying payment solutions that meet the evolving needs of Ugandan consumers and businesses. We are committed to working alongside fintech innovators and other stakeholders to build a connected and inclusive digital future.”
Beyond the new office, Mastercard continues to drive digital and financial progress in Uganda through initiatives like the Community Pass Customer Summit and strategic collaborations with the Uganda Bankers Association. The Kampala office now joins Mastercard’s growing network in Africa, complementing its established hubs in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, Port Louis, and Accra.
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