Modern technology gives us many things.

These are the new MTN Uganda Mobile Money rates

MTN Uganda has for the past few weeks proved to be the best telecommunications company to beat in yet another competitive year. From awarding the Momo API challenge winners to promoting health in Uganda and unveiling an affordable feature phone to the public. The Yello camp will surely bury all its earlier faults that saw its CEO and CMO deported from the country.

Although Government levied a 1% tax on mobile money transactions that was later revised to 0.5%. It is still the most reliable mobile finance service headed by MTN’s offer and followed by Airtel money in the same corner with solid spotlight pikes to the rate of financial inclusion in Uganda

As a fact, MTN Mobile money rates keep changing year to year and we’re not surprised that MTN has yet again unveiled new rates for 2019. However, the camp has altered rates for all transaction tiers meaning the old charges are now dressed with new incremented looks.

Additionally, new rates for utility payments have been listed with a fair balance as compared to the 2018 rates. Nonetheless, these are the new MTN mobile money rates that you will have to face as soon as the 10th May 2019 sunrise pops up.

Rates (UGX) Sending Money Withdraw Cash Making Payments  
MinMaxTo MTNTo Other NetworksFrom AgentFrom ATMTo StarTimes, Azam Tv,Ready Pay, Solar NowTo UMEME, NWSC,Dstv,NSSF, Multiplex
5002500100300350110190
25015000300600480150600
50011500090012007705501000
15001300001000150097011506501600
300014500011001500135011507502100
450016000011001500165011508502800
6000112500016502500215014009503700
125001250000165035003950140010504150
250001500000165070007750215013005300
500001100000022001000013750390033506300
1000001200000022001700021750665057506300
20000014000000220027000386501195057506300
40000017000000220040000525001195057506300

The Impact of MTN’s new Mobile Money rates

The same way Airtel is working on a Momo pay like service and Africell spicing up its version of mobile money is the same these competing telcos will pick a leaf from the new MTN rates and implement the same squeeze per transaction tier.

However much the new MTN mobile money rates seem to be centered to its subscribers alone. We shall not be surprised if the Airtel Money features the same rates in the next quarter. Furthermore, the utility payment rates appear bullish and digital payments like Payway are set to conquer a lions’ share as an alternative to using the Momo route.

So, the same way mobile money tax scared many subscribers from sending and receiving money on phone, it’s the same way transactions might bezel down to the pressure of high rates. Henceforth, as we are yet to see another service like Africell money revising its rates,  we expect to see at least a reduction in the next quarter to make mobile money the perfect financial inclusion driver than ever before.

 

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