Micropay Uganda
Micropay Uganda is a Bank of Uganda-licensed mobile money and e-payment platform serving individual consumers, agents, small businesses, and government programs across Uganda via USSD and mobile app, with anchor relationships including Centenary Bank and the SAGE social grant program.
- Company typePrivate
- Founded2012
- HeadquartersKampala, Uganda
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Micropay Uganda does
MicroPay (U) Ltd, operating as Micropay Uganda, is a Kampala-based fintech founded in 2012 that operates a licensed mobile money and e-payment platform in Uganda. The company is regulated by the Bank of Uganda as both a Payment Service Provider (PSP) and a Payment System Operator (PSO), with additional PCI compliance. Its platform is network-agnostic — independent of mobile network operators — enabling users to send and receive money across Airtel, Lyca Mobile, and other networks via a single account, accessible through both a USSD menu and an Android mobile app available on Google Play Store. The core technology stack includes end-to-end encryption, authentication, user alerts, and POS machine support for agents. Service modules span peer-to-peer transfers, bill payments (NWSC, UMEME, DStv/GoTV, school fees via SchoolPay), airtime purchases, cash deposits and withdrawals, request payments, and micro-credit through WebCash (a separate WebCash SMC Uganda entity) with APRs capped at 17.854% and terms of 1 week to 4 months.
The business model is a hybrid of transaction fees, agent network float economics, and, more recently, lending interest. MicroPay distributes through a nationwide agent network (sole proprietors, partnerships, companies, microfinance institutions) that requires minimum float deposits (UGX 50,000 for sole proprietors, UGX 100,000 for registered companies). The flagship anchor relationship is with Centenary Bank — Customer funds are held in escrow at Centenary Bank, and MicroPay powers the bank's nationwide agency banking infrastructure. The company also services the SAGE (Social Assistance Grants for Empowerment) government disbursement program, providing secure digital bulk payments to vulnerable beneficiaries. Customer segments include individual consumers, the agent network, small businesses, government programs, and underserved rural communities. The company is private, founder-controlled (CEO Dr. Grace Stuart Ndyareeba, a 30+ year Bank of Uganda veteran), and operates with 1-10 employees from its head office at Plot 31 Kanjokya Street, Kampala. Recent (2024/2025) operating highlights include certifications as Best Fintech Company in Uganda, Uganda Development Champion, and Uganda Responsible Investment.
Micropay Uganda firmographics
Firmographics- Name
- Micropay Uganda
- Legal name
- MicroPay (U) Ltd
- Website
- https://micropay.co.ug
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Micropay Uganda is a Bank of Uganda-licensed mobile money and e-payment platform serving individual consumers, agents, small businesses, and government programs across Uganda via USSD and mobile app, with anchor relationships including Centenary Bank and the SAGE social grant program.
- Ownership category
- akta.pro rank
Micropay Uganda industry classification
Industry- Product category
- Mobile Money & Digital Payments
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Finance Services (6199), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
- akta.pro secondary industries
- Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE), Payment Orchestration Platforms (FSAGABAA), Microloans & Working Capital Loans (FSAKAGAA)
Keywords
Where Micropay Uganda is headquartered
LocationHeadquarters
- HQ city
- Kampala
- HQ country
- Uganda
- HQ region
- Africa
Offices2 records
Markets served
Micropay Uganda business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction Fees: Fees charged on mobile money transactions including peer-to-peer transfers, bill payments, airtime purchases, cash deposits and withdrawals through the agent network
- Agent Network Fees: Revenue generated from agents who pay float deposits and utilize the MicroPay platform for processing transactions
- WebCash Credit Services: Interest and fees from micro-credit lending through WebCash application, with maximum APR of 17.854% and repayment periods from 1 week to 4 months
- Bulk Payment Services: Processing bulk payments for employers, schools, and government programs such as SAGE disbursements
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Agent Float Deposit |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Micropay Uganda product offering
Product offeringCore offering
MicroPay Uganda operates a network-agnostic mobile money and e-payment platform that enables secure peer-to-peer money transfers, bill payments (utilities, Pay TV, school fees), airtime purchases across all telecom networks, and cash deposits/withdrawals via an Android app and USSD menu. The platform is licensed by the Bank of Uganda as a Payment Service Provider (PSP) and Payment System Operator (PSO) and is distributed through a nationwide agent network. An additional WebCash module provides short-tenure micro-credit (1 week to 4 months, max APR 17.854%).
Product overview
Micropay Uganda operates a unified mobile money and e-payment platform that serves as an open intermediary between financial institutions and mobile money customers. The core MicroPay Mobile Money Platform (available via Android app and USSD) integrates multiple service modules: Agency Banking for physical agent networks, Sending Money for P2P transfers, Buy Airtime for telecom purchases, Cash Withdrawal and Deposit Money for wallet management, Make Payments for bill payments (utilities, Pay TV, merchants), and Request Payments for collection requests. An additional WebCash module provides micro-credit services. The platform is independent of mobile network operators and requires only a basic phone to function.
Differentiator
Problem solved
Functional benefit
Products and services
- MicroPay Mobile Money Platform A mobile money and e-payment platform enabling secure money transfers, bill payments, airtime purchases, and cash withdrawals/deposits via a mobile app and USSD menu, serving as an open intermediary between financial institutions and customers in Uganda's mobile money ecosystem.
- Agency Banking Enables registered agents (sole proprietors, partnerships, companies, microfinance institutions) to register subscribers, deposit cash, process withdrawals, and educate customers on MicroPay Mobile Money services, supporting MicroPay's nationwide agent network.
- Send Money (P2P Transfer) Peer-to-peer money transfer service allowing users to send money to registered and non-registered MicroPay customers via phone number, with SMS confirmations for both sender and recipient.
- Buy Airtime Allows customers to purchase airtime for various telecom networks (e.g., Airtel, Lyca Mobile) directly through the MicroPay mobile app using a single account.
- Cash Withdrawal Enables customers to withdraw cash from their MicroPay wallet by visiting a nearby MicroPay agent and confirming the transaction with their PIN.
- Deposit Money Allows customers to deposit cash into their MicroPay wallet by visiting a MicroPay Mobile Money Agent and providing their registered mobile number.
- Make Payments (Bill Payments) Enables customers to pay bills and purchase goods, including utilities (NWSC, UMEME), Pay TV services (DStv/GoTV), and payments to merchants.
- Request Payments Allows customers to request payments from other users by entering recipient details, amount, and reason, with the recipient receiving a notification.
- WebCash Micro-Credit A micro-credit service offered by WebCash SMC Uganda, enabling loan assessment, approval, and management with a minimum repayment period of one week and maximum of four months, with a maximum APR of 17.854%.
Quantifiable outcome
- Supporting mobile money transactions surpassing UGX 100 trillion annually in Uganda
Companies that use Micropay Uganda
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles3 records
Micropay Uganda technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Micropay Uganda partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Centenary BankcoreCentenary Bank holds customer funds in escrow accounts for MicroPay's mobile money services. MicroPay powers agency banking infrastructure for Centenary Bank, supporting one of the largest nationwide agent networks.
- Interswitch UgandacoreInterswitch provides payment switching and processing infrastructure enabling MicroPay's electronic payment services.
- GN AssociatesminorProfessional services and consulting support for MicroPay operations.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Micropay Uganda competitors and assessment
Company assessmentBroad incumbents
- Flutterwave: Flutterwave is a Pan-African payments infrastructure company enabling merchants and platforms to accept and disburse payments across multiple countries. It is comparable as a much larger, broader-payments player competing for the same digital-payments opportunity.
- Interswitch Group: Interswitch is a Pan-African payment switching and processing infrastructure provider and an existing Micropay technology partner. It operates more broadly across issuing, processing, and switching across multiple African markets.
- Cellulant (Tingg): Cellulant operates Tingg, a Pan-African digital payments platform for bill payments, collections, and disbursements. It is comparable as a broader digital-payments incumbent serving banks, merchants, and government programs across Africa.
Emerging players
- M-KOPA: M-KOPA is a Kenya-based fintech providing pay-as-you-go solar and asset financing plus digital financial services across East Africa. It is comparable on the micro-credit and underbanked-customer dimensions of Micropay's WebCash product.
- Wave Mobile Money: Wave is a mobile money operator focused on serving underbanked users in West and East Africa with low-fee P2P transfers. It overlaps with Micropay's financial-inclusion thesis and cross-network mobile money use cases.
Direct peers
- SurePay Uganda: SurePay is a Ugandan bill-payment aggregator and an existing Micropay technology partner. It directly overlaps in bill-payment aggregation for utilities, Pay TV, schools, and other recurring consumer payments.
- Yo Uganda (Yo Payments): Yo Payments is a Ugandan mobile payments platform offering P2P transfers, bill payments, and merchant collections. It targets the same SMB and consumer segments as Micropay with a comparable network-agnostic positioning.
- MTN Uganda (MTN MoMo): MTN Uganda operates MTN MoMo, the dominant mobile money wallet in Uganda with the largest agent network. It directly competes with Micropay for P2P transfers, bill payments, and airtime purchases across the same consumer base.
- Airtel Money Uganda: Airtel Money is the second-largest mobile money operator in Uganda and an integrated Micropay partner. It competes head-on in P2P transfers, cash-in/cash-out, and airtime purchases on the Airtel network.
Others
- Pegasus Technologies Uganda: Pegasus Technologies is a Ugandan technology services provider and Micropay partner. It is an adjacent ecosystem participant supplying infrastructure rather than competing directly in mobile money.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Micropay Uganda social profiles
Digital presenceMicropay Uganda compliance and trust
Trust signalCompliance3 records
Micropay Uganda financial estimates
Financial estimateRevenue estimate
Valuation estimate
Micropay Uganda leadership team
Management profileNumber of profiles
Profiles5 records
Micropay Uganda funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Micropay Uganda M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Micropay Uganda
What does Micropay Uganda do?
MicroPay Uganda operates a network-agnostic mobile money and e-payment platform that enables secure peer-to-peer money transfers, bill payments (utilities, Pay TV, school fees), airtime purchases across all telecom networks, and cash deposits/withdrawals via an Android app and USSD menu. The platform is licensed by the Bank of Uganda as a Payment Service Provider (PSP) and Payment System Operator (PSO) and is distributed through a nationwide agent network. An additional WebCash module provides short-tenure micro-credit (1 week to 4 months, max APR 17.854%).
Is Micropay Uganda a public or private company?
Micropay Uganda is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Micropay Uganda founded?
Micropay Uganda was founded in 2012. It employs 1 to 10 people.
Where is Micropay Uganda based?
Micropay Uganda is headquartered in Kampala, Uganda, in the Africa region.
How does Micropay Uganda make money?
Four revenue lines are on record. Transaction Fees are the primary driver. The others are agent Network Fees, webCash Credit Services and bulk Payment Services.
Who are Micropay Uganda's main competitors?
Broad incumbents on record are Flutterwave, Interswitch Group and Cellulant (Tingg). Emerging players are M-KOPA and Wave Mobile Money. Direct peers are SurePay Uganda, Yo Uganda (Yo Payments), MTN Uganda (MTN MoMo) and Airtel Money Uganda. Pegasus Technologies Uganda is listed as an others.
Does Micropay Uganda have an API?
No public API is recorded for Micropay Uganda.
What industry is Micropay Uganda in?
Micropay Uganda's product category is Mobile Money & Digital Payments. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of FSAMACAE, Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods). Its NAICS code is 5222 and its SIC code is 6199.