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FITSPA: Internet shutdown frozen 357 billion shillings in daily digital transactions

KAMPALA, Uganda — A four-day internet shutdown in Uganda stalled an estimated 1.4 trillion shillings in digital payments, exposing the country’s heavy reliance on financial technology and leaving businesses without liquidity. The Financial Technology Services Providers Association, or FITSPA, reported that the digital economy lost approximately 357 billion shillings in transactions for each day the […]

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