MTN reduces mobile money charges

In addition to the reduced rates, MTN customers have the unique opportunity of getting MTN Senkyu loyalty points when they deposit, send, and withdraw MTN Mobile Money.

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Stephen Mutana| Courtesy Photo.

MTN Uganda has revealed its Mobile Money withdrawal fees effective Saturday May 1, 2021 went down.

While speaking at Hotel Africana Stephen Mutana, the General Manager of Mobile Financial Services at MTN Uganda said the company was aiming at bolstering financial inclusion across the country and to further enhance the benefits customers get when they choose MTN MoMo.

“We appreciate that many people rely on MTN MoMo to facilitate various aspects of their lives and therefore believe that this reduction in withdrawal fees increases the benefits that have made mobile money such a transformative service over the years,” Mutana said.

Mutana further noted that the objective of Mobile Money is to promote a cashless economy and advance the numerous benefits that come with a digital life.

“Therefore, by making Mobile Money fees more affordable, we as a country can easily move towards achieving a safe, efficient and affordable way of putting money in the hands of millions of Ugandans,” Mutana said.

In addition to the reduced rates, MTN customers have the unique opportunity of getting MTN Senkyu loyalty points when they deposit, send, and withdraw MTN Mobile Money. For every Shs5,000 deposited on MTN MoMo, a customer gets one Senkyu point and two Senkyu points for every Shs100 a customer is charged when they send or withdraw mobile money. This is a unique benefit available to only MTN customers.

He also urged all MTN customers to keep transacting using Mobile Money but cautioned them on the possiblity of falling prey to conmem.

“I encourage all our customers to keep transacting using MTNMoMo. I also caution them to guard themselves against connmen by always keeping their MoMo PINs secret among other precautions,” he said.

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