MTN Uganda partners Vodacom Tanzania to widen mobile money transactions in East Africa
MTN Uganda has opened up a partnership with Vodacom Tanzania to see an expansion in mobile money transactions in the East African region.
Vodacom now joins a list of other telecom companies that have partnered with MTN Uganda to enable customers across East Africa to do mobile money transactions.
Previously, MTN has worked with telecom service providers across East Africa including MTN Rwanda, Tigo and Airtel in Tanzania, Eco Cash in Burundi and Safaricom in Kenya among others.
While speaking about the partnership, Ali Monzer, the General Manager Mobile Financial Services MTN Uganda claimed that the mobile money cross border is intended to overcome the burden in sending and receiving money across the East African regions.
Monzer who was also first to support the partnership said that the regional remittance service is an important part of the mobile financial services strategy that will help increase financial inclusion for all using mobile technologies and also reduce the cost of transferring money between countries.
“Regional remittance service is an important part of our mobile financial services strategy to increase financial inclusion for all using mobile technologies, and to reduce the cost of transferring money between countries,” Monzer said.
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He further stressed that besides making it easy to send and receive money, the service is an appropriate one for families and businessmen and women to carry out secure and fast transactions without having to move longer distances looking for service centres.
For anyone sending money across the region, and MTN MoMo customer in Uganda simply dial *165*1*2# and selects their preferred destination. The customer is then prompted to enter their destination number, then the amount in Uganda shillings.
The customer will then receive a summary including the amount they are sending, the forex rates of the day, the amount the recipient will get and then a pin prompt to confirm the transaction.
Meanwhile, Monzer explained that the new partner will take advantage of the extensive distribution network of Mobile Money in the region and reduce the cost of sending and receiving money for many business customers.
Appropriately, he added that the partnership will not only enhance family connections but also spark and boost trade and business across the regions.
The new partnership will take advantage of the extensive distribution network of Mobile Money in the region and reduce the cost of sending and receiving money for our customers. Vodacom Tanzania addition will not only enhance family connections but will also facilitate more trade
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By John Dalton Kigozi
