The MTN Mobile money (MoMo) service has close to 9 million customers and has transacted Shs30 trillion since its launch 10 years ago, according to Enid Edroma, General Manager Corporate Services.
“We have close to 9M subscribers using MTN mobile money and we have seen 30 trillion shillings transacted since inception. The service has also worked as the catalyzer for financial inclusion much to the delight of government,” Ms Edroma said today at Kampala Serena Hotel where the company announced that its customers will now send the money at half price in the promotion to run for two months.
“We are very pleased to announce an exciting new offer for our customers. Starting today, customers will send money at half-price,” she said.
“You can now send money at half price everywhere you go. People have been giving money to ‘Bodabodas’ in order to reduce the cost of sending money. But now from as low as 50shs, you will be able to send money using mobile money,” said Christopher Ssali, MTN’s Senior Manager Mobile Financial Services.
In the promotion, customers will have to be sending from MTN to MTN by simply dialing *165*1# to send money.
We have reduced the sending rates to appreciate our customers who have supported us through the years by using MTN MoMo, she said.
An analyst said the promotion will help clients save some money during the period as they have been paying 0.5 percent tax at withdraw since July 1, 2018 when government imposed the mobile money tax