Uganda: MPs May Stop M-payment services
The parliamentary committee on information technology will next week meet the Uganda Communications Commission (UCC) over the mobile money transfer services offered by telecom firms. Igeme Nabeta, the committee chairperson, explained this week that his committee had already held a meeting with the Bank of Uganda over the matter. The Central Bank reportedly said it does not regulate the service "because it involved very little money."
"Our meeting with UCC will determine whether to stop the service or not," Nabeta said. He also recommended that the Government urgently installs an intelligence network system to track all revenue collections from telecommunication companies.
The system, Nabeta explained, would enable the UCC to detect the exact amount of collected revenue for specific taxes.
He was presenting the ICT ministry budget estimates for the financial year 2010/2011 before the budget committee on Tuesday. "This system makes collections from communications companies more reliable, and it detects leakages that will help us to realise more domestic resources for budget support," Nabeta argued.