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MTN slashes its On-Net Mobile Money sending rates

Remember the Momo Nyabo Campaign? Well, MTN is not rewarding subscribers with cars and instant cash this time around, but has new Mobile money sending fees for all registered customers through its revamped Momo Nyabo promotion. The new promo allows every subscriber to send money at half the original charge for an effective touch of convenience.

The Momo Nyabo promo is an 8-week promotional offer where all subscribers will be able to send money at half the original transaction cost. For instance, If the previous tier charge was 1,000/= to send money to an MTN number, then a customer will pay only 500/= during the next 8-weeks.

However, the new campaign only covers MTN to MTN transactions meaning every customer is able to send money for as low as 50/= to an MTN number. During the campaign launch held earlier today, MTN officials revealed that the new campaign is aimed at appreciating customers that have enabled the Yello camp ride with over 30 trillion shillings in transactions since their service launch over a decade ago.

We are passionate about enabling greater connection between people. By giving back through this half-price promotion, we will be enabling people to do more in their relationships by further providing the wide and crucial financial services at affordable rates

Christopher Ssali Senior Manager MFS

With over 8.8 million MTN Subscribers using its Mobile money service, the Momo Nyabo Promo is aimed at appreciating them for being apart of the glowing Yello network. As a fact, Mobile Money ignited a digital revolution for banks that now build solutions around the mobile finance notion to accommodate the unbanked community in Uganda.

As much as the 8-week promotional offer is hinged to only sending money between two MTN recipients, we expect a Withdraws comeback that will spice up the Mobile money notion against the fact that a 0.5% tax hovers in all withdraw corners.

Nonetheless, the revamped Momo Nyabo offer joins Momo Pay that recently crossed to Shoprite and Mokash as the amazing offers driving the Yello fraternity for more reasons to always use Mobile Money against crawling to a bank queue.

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