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High-risk and prohibited businesses
High-risk and prohibited businesses
Viola Nuwaha avatar
Written by Viola Nuwaha
Updated over a week ago

We follow regulations and the latest guidelines provided by the Bank of Uganda and other relevant regulatory bodies on prohibited activities. The Beyonic brand and, by extension, Onafriq, our parent company, do not support multilevel marketing programs, crypto/forex trading, or Ponzi schemes on any of our platforms or services.

While Onafriq continues to enable payments for a broad range of enterprise clients, Beyonic is specifically aimed at simplifying payments for small businesses. If you have a small legitimate business in an industry other than those aforementioned, please sign up for Beyonic to manage your payment needs!

We reserve the right to pause, suspend, or terminate our provision of the Beyonic Services to you where we suspect that fraudulent transactions have been initiated and/or completed on your account.

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