MTN Removes Mobile Money Charges For Next 30 Days Over Coronavirus Outbreak

BY: Eyalama In Business, Corona, News On
- Updated

MTN Uganda has on Wednesday March 18 waived fees on its mobile money transfer service for every transactions below UGX30,000 for the next 30 days.

MTN Uganda Chief Executive Officer, Wim Vanhelleputte said this is allow customers to use cashless modes of payment as part of the measures to prevent the transmission of Covid-19.

The MTN CEO said all person-to-person transactions below UGX30,000 shall be free for the next 30 days.

Before the move, it cost between UGX850 and 1100 to transfer cash below UGX30,000 on MTN – MTN Uganda platforms.

Uganda

Confirmed
19,944
+356
Deaths
201
+4
Recovered
8,944
Active
10,799
Last updated: November 28, 2020 - 9:59 pm (+00:00)

He added that the decision to waive fees came after MTN held a meeting with Central Bank governor Tumusiime Mutebile and other industry players including banks to discuss the evolving situation around the coronavirus (Covid-19) pandemic.

“We propose to implement jointly with the Commercial Banks the following emergency tariffs from midnight Thursday 20th March 2020 and remain in place for a period of thirty days; there will be no charge for Peer to Peer (P2P) on-net transactions below UGX 30,000,” Vanhellaputte said.

Kenya

Confirmed
82,605
+949
Deaths
1,445
+4
Recovered
54,399
Active
26,761
Last updated: November 28, 2020 - 9:59 pm (+00:00)

Following the meeting, Bank of Uganda approved that there will be no charge for the wallet to bank (W2B) or bank to wallet (B2W) transactions.

Wim said this is dependant on partnership with the Commercial Banks to ensure transactions are zero rated on both the subscriber wallet and bank account.

Rwanda

Confirmed
5,891
+19
Deaths
47
Recovered
5,480
Active
364
Last updated: November 28, 2020 - 9:59 pm (+00:00)

He also revealed that there will be no charge for all MoMo pay transactions for customers and merchants.

“We will continue to take whatever coordinated action is necessary to support and adopt further precautionary approaches and generation of insights to support national efforts,” Vanhellaputte noted

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