MTN 4-months back, announced a 50% slash for its Mobile Money ON-Net Sending rates as an appreciation token to all subscribers actively pulling off Mobile Money transactions on the daily norm.
Luckily, the telco re-introduced its Momo Nyabo Promo as a spicer to the slashed sending rates and registered a pike of winners during the full 8-Week campaign period.
A few days back, MTN published a general notice with its new transaction rates already active on the grid since September 7th 2019. However, the reaction from subscribers has since then chunned the new rates as increments to the transactions board.
Though a majority of the users have so far digested the published rates as a hike in the telco’s sending tier and not just a pop back of the original rates. The Yello camp made its changes strict to the MTN-MTN sending tier and these are the new effective rates published.
| Min | Max | Sending Money |
| 500 | 2,500 | 50 |
| 2,501 | 5,000 | 150 |
| 5,001 | 15,000 | 500 |
| 15,001 | 30,000 | 600 |
| 30,001 | 45,000 | 700 |
| 45,001 | 60,000 | 850 |
| 60,001 | 125,000 | 1,000 |
| 125,001 | 250,000 | 1,150 |
| 250,001 | 500,000 | 1,300 |
| 500,001 | 1,000,000 | 1,500 |
| 1,000,001 | 2,000,000 | 1,500 |
| 2,000,001 | 4,000,000 | 1,500 |
| 4,000,001 | 7,000,000 | 1,500 |
The New rates as a Reflection of MTN’s Mobile Money rates
Unlike any annual changes on the MTN Mobile Money transaction tier board. MTN’s refreshed Mobile Money rates are simply a reflection of its original rates without any discounts or promo codes added to its transaction tiers.
However, the telco’s withdraw charges are unchanged and static since MTN has so far not announced any slicing Campaign on withdraws this year. Henceforth, the MTN shakeup is simply a replica of its original rates just like the Africell or Airtel transactions rate board.