In
yet another exciting development in mobile money innovation, MTN Uganda announced
the launch of cross-border mobile money transfer services between Rwanda and
Uganda.
This new
Mobile Money service will allow customers in both countries to transact via
Mobile Money without having to change currencies.
The service
enables an MTN customer in Rwanda to send money in Rwandese Francs to a recipient
in Uganda who will receive it in Uganda Shillings. The recipient has to be a
customer of MTN Uganda to receive the transfer.
Currently,
the service only allows customers in Uganda to receive money from Rwanda.
“Technology
is helping us eliminate national borders, enabling a unified digital and mobile
financial services world. We are delighted to offer a solution that further
enhances this agenda. We also trust that our customers
will find it easy, fast and a more convenient means of transferring funds
internationally,” said Mr. Phrase Lubega, MTN Uganda’s General Manager in
charge of Mobile Financial Services.
This year, the
MTN Mobile Money ecosystem has expanded extensively, with the launch of a
number of innovative solutions that integrate Mobile Money into the fabric of our
society, making it an integral part of our customer’s lives.
They include
the payment of fees and taxes to the Kampala Capital City Authority, payment of
fuel to Shell petrol stations nationwide to the transfer of bank transactions
from one’s bank account to the mobile money wallet as well as online purchases,
through the ‘Hellofood’ and ‘Jumia’ online shops. Mobile Money is changing the
day-to-day lives of MTN customers for the better.
By June 30th
2015, MTN Uganda had recorded a 12.8 percent increase in Mobile Money
subscribers, from 7.3 million (at the end of 2014) to 8.2 million.
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