Bank of Uganda Selects CMA to Modernize National RTGS System with ISO 20022-Enabled Platform
April 22, 2025
Stockholm, Sweden – April 22, 2025
CMA Small Systems AB is proud to announce that the Bank of Uganda (BoU)has selected CMA to deliver a next-generation Real-Time Gross Settlement (RTGS) system as part of a nationwide financial infrastructure modernization initiative. The new system will be powered by CMA’s RTS/X platform, already deployed in over 60 countries around the world.
The upgraded RTGS system is expected to go live in 2025 and will mark a significant milestone for Uganda’s financial sector. The platform will align the country’s settlement infrastructure with international standards, including full ISO 20022 messaging compliance, and introduce advanced capabilities for high-value, secure, and real-time interbank settlement.
This engagement builds on CMA’s long-standing collaboration with the Bank of Uganda, which began with the successful implementation of the country’s Central Securities Depository (CSD) system. The continued trust placed in CMA reflects the strength of the partnership and demonstrates the company’s role as a reliable, long-term technology provider for critical national infrastructure.
The new RTS/X solution includes:
- Advanced liquidity management tools for central bank and participants
- Multi-currency support and future-ready integration features
- 24/7 operational resilience and real-time monitoring
- Cross-border capabilities, including connectivity with regional platforms such as the East African Payment System (EAPS)
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“This partnership with the Bank of Uganda demonstrates CMA’s continued commitment to delivering resilient, standards-compliant RTGS solutions in Africa and globally,” said Faysal Bibani, Regional Director for Africa at CMA. “Our RTS/X platform will provide the Central Bank with the tools needed to support a more inclusive, innovative, and interoperable financial ecosystem.”
This project is a core part of the Bank of Uganda’s broader digital transformation strategy and its efforts to strengthen systemic stability, promote innovation, and support financial inclusion. CMA is honored to support the central bank in delivering this critical national infrastructure.
