MTN is a leading mobile telecommunications operator in Uganda that has cemented a top podium position on almost all data + voice, and now, mobile money transfer services it offers.
MTN Mobile Money commonly denoted as MTN Momo allows you to transfer money from one MTN number to another, as well as from MTN to other networks like Airtel, and Africell.
Likely, you can make swift payments headlined by utility (UMEME, NWSC) payments, then PAYTV ( DSTV, Startimes, GOTV, Zuku), URA, KCCA, and other business payments.
Additionally, you can use the service to make point of sale payments with MOMO Pay, on top of being able to save and get instant loans with MTN MoKash.
Well, with 2020 in high gear, the telco has often changed its Mobile money transaction rates, and below are the latest charges for making payments, plus Sending, and Withdrawing Money.
MTN Mobile Money Sending Charges
| Transaction Range | MTN to MTN | MTN to Other Networks | East Africa | Bank |
|---|---|---|---|---|
| 500 – 2,500 | 30 | 330 | 1,000 | N/A |
| 2,501 – 5,000 | 100 | 440 | 1,150 | 1,500 |
| 5,001 – 15,000 | 350 | 700 | 1,400 | 1,500 |
| 15,001 – 30,000 | 500 | 880 | 1,650 | 1,500 |
| 30,001 – 45,000 | 600 | 1,210 | 1,950 | 1,500 |
| 45,001 – 60,000 | 750 | 1,500 | 2,250 | 1,500 |
| 60,001 – 125,000 | 1,000 | 1,925 | 3,200 | 1,500 |
| 125,001 – 250,000 | 1,100 | 3,575 | 5,000 | 2,250 |
| 250,001 – 500,000 | 1,250 | 7,000 | 9,050 | 4,100 |
| 500,001 – 1,000,000 | 1,250 | 12,500 | 17,200 | 6,150 |
| 1,000,001-2,000,000 | 1,250 | 15,000 | 33,450 | 9,250 |
| 2,000,001- 4,000,000 | 1,250 | 18,000 | 55,900 | 11,300 |
| 4,000,001- 7,000,000 | 1,250 | 20,000 | 61,100 | 11,300 |
MTN Mobile Money Withdraw Charges
| Transaction Range | From Agent | From ATM |
|---|---|---|
| 500 – 2,500 | 350 | |
| 2,501 – 5,000 | 450 | 1,150 |
| 5,001 – 15,000 | 750 | 1,150 |
| 15,001 – 30,000 | 950 | 1,150 |
| 30,001 – 45,000 | 1,300 | 1,400 |
| 45,001 – 60,000 | 1,600 | 1,400 |
| 60,001 – 125,000 | 2,050 | 2,150 |
| 125,001 – 250,000 | 3,750 | 4,000 |
| 250,001 – 500,000 | 7,350 | 6,650 |
| 500,001 – 1,000,000 | 13,000 | 11,950 |
| 1,000,001-2,000,000 | 16,000 | |
| 2,000,001- 4,000,000 | 19,000 | |
| 4,000,001- 7,000,000 | 22,000 |
MTN Mobile Money Payment Charges
Class 1: Azam TV, Ready Pay, School Fees, Solar Now
Class 2: UMEME, NWSC, DSTV, StarTimes, NSSF, Multiplex
| Transaction Range | Class 1 | Class 2 |
|---|---|---|
| 500 – 2,500 | 110 | 190 |
| 2,501 – 5,000 | 150 | 600 |
| 5,001 – 15,000 | 550 | 1,000 |
| 15,001 – 30,000 | 650 | 1,600 |
| 30,001 – 45,000 | 750 | 2,100 |
| 45,001 – 60,000 | 850 | 2,800 |
| 60,001 – 125,000 | 950 | 3,700 |
| 125,001 – 250,000 | 1,050 | 4,150 |
| 250,001 – 500,000 | 1,300 | 5,300 |
| 500,001 – 1,000,000 | 3,350 | 6,300 |
| 1,000,001-2,000,000 | 5,750 | 6,300 |
| 2,000,001- 4,000,000 | 5,750 | 6,300 |
| 4,000,001- 7,000,000 | 5,750 | 6,300 |
Why MTN Uganda Mobile Money Charges Keep Changing
Based on the business ecosystem, MTN just like Airtel, changes its transaction rates more often. In a like manner, you can stay ahead of these changes by keeping up to date with the latest campaigns and telco commitments.
Commonly, Momo Nyabo – An MTN mobile money promotion, comes with reduced sending fees on top of other enticing offers. But once the campaign lifetime comes to an end, rates shift back to normal.
Hence, based on the telco’s current plans and business atmosphere, expect Mobile Money charges to change. However, mobile money tax of 0.5% on withdraws remains constant as a compulsory norm by the Uganda Revenue Authority (URA).