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Stanbic Bank
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Stanbic Bank

MTN, Airtel resume mobile money services after Shs10 billion loss

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Mobile money services between the leading telecom service providers MTN Uganda and Airtel Uganda have been restored following the hacking into Pegasus Technologies.

Last week, unidentified thugs hacked Pegasus Technologies, information and technology (IT) service provider of MTN Uganda, Airtel Uganda and Stanbic Bank took over Shs10 billion.

According to a statement signed by the Chief Executive officers of the companies; Anne Anne Juuko Stanbic Bank Uganda, Wim Vanhelleputte MTN Uganda and VG Somasekhar Managing Director Airtel Uganda, the system incident has had no impact on any balances on both Bank and Mobile Money accounts.

And yesterday, they revealed that mobile money services between the two networks have resumed.

“Customers can now send and receive money across both networks. We apologise to all customers for any inconvenience this may have caused and reiterate our commitment to delivering secure and seamless mobile money services,” the statement reads in part.

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