In March 2009, MTN became the first telecom operator in Uganda to launch a mobile financial service that would revolutionize the country’s financial fabric.
More than a decade later, the service has evolved into a one-stop financial transaction point that is championing financial inclusion across the spectrum as it transforms the country into a cashless economy.
From the most basic feature of sending and receiving money, to performing simple tasks such as buying airtime and data in the comfort of your home or paying bills and school fees, you can now transact across the borders as well as pay taxes to the Uganda Revenue Authority, make Kampala City Council Authority Payments and make donations and so many other payments on your phone using MTN MoMo.
According to Stephen Mutana, the General Manager Mobile Financial Services at MTN Uganda, paying for goods and services is easy, safe and convenient when you keep some money on MTN MoMo.
“He added that, “the experience of using MTN MoMo has been made even better with the MyMTN app.,” Mutana says. The MyMTN app is available and ca be downloaded from both android and iOS app stores.
To ease the payment for goods and services, MTN Uganda launched MoMoPay, a digital payment platform that allows customers to pay for goods and services directly from their Mobile Money accounts, free of charge without having to withdraw it first.
Caroline Nakato, an ardent user of the MoMoPay service says that the payment method has simplified her life.
“I don’t have to stress with going to the bank to withdraw cash and carrying it around for shopping or paying for certain services. All I have to do is transfer it to my MoMo account and off I go. It saves me time yet it is safe secure and always available. Even when I lost my phone, my PIN number keeps my money safe,” says Nakato.
MTN MoMoPay is available in several supermarkets, shops, pharmacies, hospitals and all MTN Service Centers in towns across the country, meaning that even when one travels upcountry, they can still access the service.
Online Shopping with MTN MoMo
Another exciting innovation for people who love online shopping is perhaps, the MTN MoMocard. MTN in partnership with Mastercard offers customers the ability to make online payments using a virtual card known as the MTN MoMocard. The payments are made from the customer’s MTN MoMo account.
To enjoy this service, simply dial *165*70# and select option 1 (Create MTN MoMocard). You will be prompted to enter your MTN MoMo PIN.
The MTN MoMocard details are sent to the customer via SMS message. It costs UGX 1,000 shillings only to create the MTN MoMocard for a transaction.