MTN Uganda adjusts Mobile Money Tariffs

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Kampala, Uganda – 08th May 2013
 
To enable MTN Uganda improve service delivery to their customers, in line with the current market and economic dynamics in Uganda, MTN Uganda has made slight increments in their Mobile Money tariffs effective Wednesday 8th May 2013.
 
MTN Uganda serves over 4 million Mobile Money users in the land. Since the launch of Mobile Money in early 2009, the service has significantly impacted how Ugandans transact in the New World, through paying for goods and services as well as sending and receiving money from and to anywhere in the country as well as Internationally, thanks to partnerships like one with Western Union.
 
With Mobile Money, users are able to pay for electricity bills, water, school fees and also make deposits direct to their bank accounts among other functions.
 
“MTN strives to constantly improve our service delivery to our customers. Our New tariffs are guided by our understanding that we need to constantly improve and sustain the robustness and availability of our MTN Mobile Money services across the country.” said Ernst Fonternel, MTN Uganda Chief Marketing Officer.
 
Read full press release below for details.

MTN Uganda adjusts Mobile Money Tariffs


MTN Uganda has adjusted its Mobile Money tariffs slightly for the first time since the largely successful product was first launched four years ago.

MTN Uganda launched their Mobile Money service in early 2009 and has in the last four years made significant changes to how Ugandans are transacting in the New World, through paying for goods and services as well as sending and receiving money from and to anywhere in the country as well as Internationally.
 
“MTN strives to constantly improve our service delivery to our customers. Our New tariffs are guided by our understanding that we need to constantly improve and sustain the robustness and availability of our MTN Mobile Money services across the country.” said Ernst Fonternel, MTN Uganda Chief Marketing Officer.
 
Fonternel explained that the increase in tariffs is meant to enable the telecom company to improve service delivery to their customers, in line with the current market and economic dynamics in Uganda.
 
“While the cumulative inflation since early 2009 to date is well in excess of 50%, MTN has never adjusted its tariffs to cater for inflationary and/or other economic pressures. We are adjusting our tariffs slightly, relative to the benefits associated with Mobile Money to ensure we have a sustainable business model for the future.” Fonternel said.
 
The new rates which took effect 8th May 2013 will affect sending money to both registered and non-registered Mobile Money users, withdrawing Money from an MTN Mobile Money agent, paying bills using the MTN Mobile Money Pay Bill service, paying bills using the MTN Mobile Money Goods & Services menu and Sending Bulk Mobile Money payments.
 
“The increase in tariffs will facilitate an increase in our Agent Network commissions to ensure that our agents get better rewards on high value transactions and as an incentive to hold adequate float to ensure that customers have the best distribution network available. The change in tariffs ensures that we can continue to invest into our platform bringing new innovative and relevant services to Uganda while expanding our extensive distribution network.” Fonternel added.
 
Fonternel explained that despite the changes, some tariffs will not be affected. “You can still buy airtime and buy Mobile Money (Deposit) free of charge. Also Registering for Mobile Money, checking your account balance and changing your PIN number are still free of charge.”
 
Transaction limits have stayed the same, with minimum account balance at 0/- and the minimum transaction limit at 500/-. The maximum account balance remains 5,000,000/- and the maximum daily transaction limit remains 4,000,000/-.
 
Since the product was first launched four years ago, MTN Mobile Money has grown significantly with monthly transactions now in excess of 27 million with a Mobile Money Base of more than 4 million customers.
 
It has also grown from a basic service enabling sending and receiving money, and buying airtime, to a convenient service that enables a lot more, such as paying school fees, trade and commerce, bill payments, and a host of other payments. Today, you can literally do anything with mobile money from the comfort of your office or home.
 
At a recent GSM Mobile Money adoption survey, MTN Mobile Money was declared the second fastest growing mobile money service in the world.
 
This year and going forward, MTN plans to increase the person to business and business to person services on the platform to enable more commerce to be done over the service. 
The complete list of new tariffs is readily available at any MTN shop or service center as well as on www.mtn.co.ug/MobileMoneyRates. 
 
For any further inquiries or assistance call the MTN Mobile Money helpline on 122, the General MTN Helpline on 123, or visit a nearby MTN Service Centre or MTN Mobile Money agent.
 

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About MTN Uganda
 
Launched in 1998, MTN Uganda is the leading telecommunications firm in country with more than 7.95 million customers as of 31 March 2013.
Visit us at www.mtn.co.ug; www.youtube.com/mtnug; www.facebook.com/mtnug and www.twitter.com/mtnugandacare.
 
About the MTN Group
Launched in 1994, MTN is a leading emerging markets mobile operator, connecting approximately 195 million people in 22 countries across Africa and the Middle East. We are at the forefront of global technological changes, delivering a bold, new Digital World to our customers. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 31 March 2013, MTN recorded approximately 195 million people across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at www.mtn.com and www.mtnfootball.com.