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Yo! Uganda (Yo Payments)

“Can a Uganda-based mobile money aggregator become the unified payments infrastructure layer connecting all mobile money providers and financial institutions across Africa?”

Founded2006
HQNakawa, Uganda
IndustryInfrastructure / Payments
The story

Founded in 2006 as a software and IT company, Yo-Uganda pivoted to become Uganda's leading mobile money aggregation infrastructure provider, launching Yo! Payments to allow businesses to collect and disburse funds across all Ugandan mobile money networks (MTN Mobile Money, Airtel Money) via API, USSD, SMS and IVR. The company secured a Payment System Operator License from the Bank of Uganda in 2021, formalizing its role as regulated payments infrastructure. Its ambition is to interconnect all mobile money providers and financial institutions worldwide into a single payments rail accessible via a single API.

Last 12 months
2023-03
2023-10
Product timeline
2006
Yo-Uganda Limited founded as a software and IT solutions company in Uganda.· pivot
2009
Mobile money launched in Uganda; Yo! began building mobile money integration capabilities.· banking
2012
Yo! Payments launched as a mobile payments aggregation service enabling businesses to collect and disburse mobile money.· banking
2021
Bank of Uganda granted Yo-Uganda Limited a Payment System Operator License under the National Payment Systems Act, 2020.· banking
2023
Yo-Uganda Limited entered into a grant partnership with the United States African Development Foundation to deploy Mastercard Foundation-linked financial services.· acquisition
2023
Yo! Payments launched easier and more efficient float loading functionality.· banking
Regulated entities
1
regulatory licence held by Yo! Uganda (Yo Payments)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
Yo! Uganda (Yo Payments) was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
Pegasus Technologies1 layer →
The stack
1 layer disclosed in Yo! Uganda (Yo Payments)’s embedded-finance stack
Payments / PSP
Yo! Payments (self-operated)
Accounting gap: significant