The service enables merchants to receive payment for goods and services using MTN Mobile Money. With MoMoPay, merchants can sell airtime and earn commission, pay suppliers, pay salaries as well as transfer money to the bank.

Speaking at the launch at Winner Classic Supermarket in Arua, Mr. James Ndyamuhaki the Senior Regional Business Manager for the Northern region at MTN Uganda said that people are continuously choosing MoMoPay since it is a better way of paying and receiving payment for goods and services.

“More people today are embracing cashless payments. We are committed to simplifying financial transactions by enabling people to transact comfortably and conveniently. And that is what MoMo Pay is all about,” Ssali said.

Ssali further noted that apart from having no service charge, MoMo Pay offers convenience as people can make payments directly from their phones without having to withdraw the money.

Mr. Femarancis Odoi Okoth, the proprietor of Winner Classic Supermarket, welcomed the initiative, noting that it will make financial transactions easier.

“Most of our clients are already using mobile money to pay for goods. MoMoPay is going to make it a lot easier since it is completely free,” He said.

He also noted that the innovation would stamp out the issue of counterfeit currency notes, a challenge that many businesses are grappling with.

In his key note speech at the launch, the Arua Municipality mayor, Mr. Isa Kato Afeku thanked MTN for being a revolutionary telecom company that has not only improved communication but also mobile financial services.

“We are glad that apart from being a reliable telecom company, MTN has gone the extra mile to provide us with reliable financial services. MoMoPay is a revolutionary payment platform that the 21^st century world needs,” he said, “It is going to ease financial transactions and this will in turn ease the cost of doing business. I urge all the people of Arua and beyond to embrace this convenient payment platform.”

Editor’s Note: Press Release

So What is MTN Momo pay all about

MTN Momo Pay is more of a payments service by the Yello team. Unlike any other digital payment platforms trailing as a Mobile money tax solution, the momo pay service can only be used to pay for goods when shopping. Although URA collects mobile money tax from operators every month, the momo pay service is tax-free and checks in with no levied taxes. Henceforth, Let’s find out how you can use the Momo Pay service same way you can rely on the My MTN app.

How to use MTN Momo Pay and Save money when transacting

Apart from Mobile money and OTT Tax which are some of the mandatory July babies, To use momo pay you will only need an active mobile money account. In the same manner proportional to the Momo (Mobile money) shortcode, option 3 guarantees you of a Tax/charge free pay to your local vendor or supermarket. But then, let’s dive deep into the procedures.

How it works

• Dial *165# and select option 3 (*165*3#)
• Enter Merchant code
• Review Merchant name and Enter Amount
• Enter Pin to confirm payment and receive your receipt from the merchant

With the above procedures, paying your local vendor/ merchant will be that easy with no transaction tax attached but just a virtual cash payment. Therefore, Momo pay is at least one of the exciting free services that may rule for a while given the fact that the telco’s Bosco AD still rules the airwaves as Airtel or Africell may have to reply to the so far Virgin virtual payments market.