Ugandan court says mobile money illegal but no jurisdiction

Tuesday 2 June 2015 | 14:34 CET | News
A court has pronounced that mobile money business operated by the five major telecommunication companies is illegal, New Vision reported. Justice Christopher Madrama of the Commercial Court in Kampala ruled on 29 May that a person who is not licensed to transact a financial business does so illegally, and it is a crime only handled by the Director of Public Prosecutions (DPP).

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Categories: Mobile & Wireless
Companies: Africell / Airtel Uganda / MTN Uganda / UCC / Uganda Telecom / Warid
Countries: Uganda
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