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MTN cuts mobile money rates

By Benon Ojiambo

Added 7th November 2016 04:50 PM

The promotion is part of MTN’s festive season offers

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MTN Uganda’s mobile money service users can afford to smile after the telecom company has announced a reduction in sending rates for the service between clients for tiered amounts between sh500 and sh45,000.

Under the promotion that is part of MTN’s festive season offers, charges for sending between sh500 and sh2,500 have been reduced by 64% from sh500 to sh180, charges for sending between sh2501 and sh5000 have also been reduced from sh500 to sh350.

On the hand, for sending between sh5001 and sh15000, charges have been reduced from sh1000 to sh600, between sh15001 and sh30,000, charges have been reduced from sh1000 to sh800 while charges for sending between sh30001 and sh45000 have been cut by sh100 to sh1000 from sh1100.

“The offer is in line with MTN’s commitment to driving financial inclusion in Uganda while delivering easier and more affordable services to customers,” Phrase Lubega, MTN’s general manager for financial services said in a statement.

“To be able to accelerate the financial inclusion that mobile money is at the forefront of supporting, affordability is key,” Wim Vanhelleputte, the company’s chief executive added.

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