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MTN, AIRTEL REVISE MOBILE MONEY CHARGES

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By Mulengera Reporter

As a measure to reduce the risk of Covid19 transmission by physical exchange of currency notes, MTN Uganda and Airtel Uganda started implementing a zero charge on all Person to Person (P2P) and Mobile Wallet to bank transactions for a period of 30 days starting March 19, 2020. In recognition of the continued lockdown period, the zero charge was maintained until May 25.

As measures to ease the lockdown take shape, the two telecoms have announced changes in their mobile transaction rates.

“MTN Uganda and Airtel Uganda wish to inform the public that effective 26th May 2020, all MTN mobile money and Airtel money Person to Person ( P2P) transactions on the same network and Mobile Wallet to bank transactions will be gradually re-introduced  at a 50% discount to standard tariffs for a period of 30 days,” the two major telecoms said in a joint statement.

“All MoMo/Airtel Money pay transactions between customers and merchants will continue to attract zero transaction charges for the next 30 days.”

MTN and Airtel have also urged their customers to continue using electronic money transactions to prevent the spread of Covid19 through physical exchange of currency notes.

“We thank you for adhering to the guidelines put in place by the government and remain committed to enabling electronic money transactions to mitigate the risk of transmission of the Corona virus. Any further changes will be communicated.”

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