Ugandan fintech infrastructure startup MAM Telecom Ltd is advancing a payment and settlement stack aimed at structural inefficiencies in Uganda’s mobile money ecosystem. In parallel, it is positioning its cross-border remittance platform, MAM Fex, for broader East African deployment.
The infrastructure build-out spans agent liquidity management, PSP and PSO settlement rails, merchant and enterprise payment support, and cross-border remittance services. The scope reflects a growing appetite for back-end fintech infrastructure across Sub-Saharan Africa, where mobile money adoption has outpaced underlying operational systems.
MAM Telecom says its core thesis centres on persistent operational pain points within Uganda’s agent-based financial services market: float shortages that constrain agent transaction capacity, fragmented settlement processes that increase reconciliation costs, and limited real-time liquidity visibility across distribution networks.
These challenges are well-documented across East Africa’s mobile money landscape, where rapid network expansion has exposed gaps in the settlement and float coordination infrastructure that underpins agent viability, particularly for smaller operators outside tier-one mobile network coverage.
“We believe there is significant opportunity in strengthening the infrastructure layer behind digital finance, particularly around liquidity coordination, settlement reliability, and affordable cross-border money movement,” said Milon Ahabwe Mutebile, Founder and CEO of MAM Telecom.
The remittance layer of the ecosystem, MAM Fex, is being positioned around a fee structure of approximately 0.7–0.9% across targeted corridors, a pricing point that would place it among the more competitive operators in East African remittance, where corridor fees from incumbent providers frequently exceed 3–5% of transaction value on regional transfers.
Uganda received an estimated $1.4 billion in remittance inflows in 2024 according to World Bank data, with the East Africa corridor including Kenya, Tanzania, and Rwanda representing a high-frequency, underserved segment for low-cost digital transfer services.
MAM Telecom says its near-term priorities include regulatory alignment planning, operational readiness, and investor engagement, with Uganda serving as its primary execution market ahead of a planned East African rollout.
The company is currently engaged with FasterCapital through its EquityPilot programme, which provides strategic guidance and fundraising execution support to early-stage ventures.
“MAM Telecom is working within important operational areas of the financial services ecosystem, particularly around payment infrastructure and liquidity coordination,” said Hesham Zreik, Founder and CEO of FasterCapital.
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