M-Gurush Mobile Money Transfer Service launched in South Sudan – Joins Kenya, Uganda and Tanzania as other countries were the service operates
South Sudan has joined the likes of Uganda, Kenya and Tanzania among other African countries to introduce the mobile phone-based money transfer.
The new mobile phone-based money transfer service also commonly known as ‘M-Gurush‘ was launched through a partnership with Trinity Technologies and Zain.
This initiative that is licensed by the Bank of South Sudan and the National Communication Authority will allow users to deposit, withdraw, transfer money and pay for goods and services across Sudan.
According to the Deputy Vice President of M-Gurush, Joseph Arinaibwe, the service which is anticipated to enhance faster transactions in the economy, is a mobile-based and digital services solution that will work with anyone that has a handset across the country.
Arinaibwe also added that these services will primarily run on a USB or a mobile application.
“Services that will be available on M-Gurush include the following; cash in, cash out, bill payment, airtime purchases, cross-border remittances, and power payment options,” said Arinaibwe.
“The financial landscape will be changed going forward,” he added.
Victor Omonmdi, a representative of the mobile company Zain, pinpointed that this service is not looking to replace banks but rather to create job opportunities for young people and women, especially in rural areas.
“Since it is hard to reach the local population in the countryside, mobile money will complement the formal banking services,” said Omonmdi.
“With the mobile money service, goods will be purchased using M-Gurush and this will ease the burden of carrying money,” the chairperson of National Communication Authority (NCA), Ladu Kenyi said before adding that M-Gurush will also enhance better service provision to people.
Meanwhile, according to South Sudan’s information minister, Michael Makuei, this new commerce will increase job opportunities for the youth in their rural and urban areas.
“M-Gurush will create job opportunities to young people both in the rural and urban areas,” Makuei said.
By John Dalton Kigozi