Absa Bank Uganda and MTN Mobile Money Uganda Limited have announced the introduction of mobile money payment functionality, dubbed MTN MoMoPay on Absa Point of Sale (POS) machines/terminals.
The service is open to all MTN Uganda mobile money account holders, who can now make payments on any Absa POS machine, regardless of whether they hold an account with the bank.
Announcing the partnership, Absa’s Managing Director, Mr. Mumba Kalifungwa noted that the new functionality makes it even more convenient for customers to pay for goods and services directly from their MTN mobile money account to the Absa device. “Wherever there is an Absa POS machine in a supermarket, shops or pharmacy among others, you can easily pay for goods and services directly using MTN MoMoPay at no extra cost. This service will help drive cashless transactions and the benefits that come with it.”
Mumba explained that the payment system would provide convenience to customers as well as support financial inclusion by accelerating access to formal financial services.
According to data from the Uganda Communications Commission, as at December 2020, the penetration of mobile connections in Uganda was equivalent to 67 per cent of the total population. Financial inclusion indicators by Bank of Uganda indicate that whereas only 43 per cent of Uganda’s adult population own a bank account, 77 per cent have active mobile money accounts.
“We are pleased to partner with Absa to offer this service which makes it easier for our customers to make payments using MTN MoMoPay on their phones. Cashless transactions are the future given the trends and increased mobile phone coverage in the country. Factors such as a youthful tech-savvy population coupled with MTN Mobile Money’s digitalization agenda will continue to propel the adoption of digital services like MTN MoMo and MTN MoMoPay,” said Wim Vanhelleputte, Chief Executive Officer, MTN Uganda
“This is yet another digital innovation from Absa as we accelerate our ambition to become a digitally led bank. I urge our customers who are in possession of these machines to provide this payment option to their customers. It not only offers convenience but also has a direct benefit to businesses that do not need to hold onto large amounts of cash waiting to be banked at the end of the day, and in turn mitigating security risks,” Mr. Kalifungwa added.
Statistics from the Uganda Communications Commission indicate that there was growth in the number of mobile money accepting businesses to 32,000 in 2020 from 26,000 in September 2020. Under the national financial inclusion strategy (2017-22), Bank of Uganda has set out to achieve a cashless economy by 2022 which involves building digital infrastructure, implementing the strategy for financial literacy (2019/24) and making payment services affordable.
prednisone pack: http://prednisone1st.store/# buying prednisone on line
english dating sites: free online chat – best sites online dating
can i buy cheap mobic pills: how to get mobic no prescription – where buy mobic without dr prescription
https://propecia1st.science/# get cheap propecia without a prescription
amoxicillin 500 mg: http://amoxicillins.com/# where can i get amoxicillin 500 mg
Read information now.
certified canadian pharmacy canadian drug stores
Commonly Used Drugs Charts.
cost cheap mobic no prescription: how can i get cheap mobic pill – can you get cheap mobic no prescription
cheap ed drugs: best erection pills – best erectile dysfunction pills
amoxicillin 500 mg tablets amoxicillin 500 mg tablets – amoxicillin 500mg capsules antibiotic
cheap erectile dysfunction pills: medications for ed – buy ed pills
order amoxicillin uk: https://amoxicillins.com/# amoxicillin 500 capsule
Best and news about drug.
the best ed pill: best male enhancement pills – erectile dysfunction medicines
Everything information about medication.
[url=https://pharmacyreview.best/#]canadian pharmacy ratings[/url] canadian drugs online
where to buy amoxicillin pharmacy over the counter amoxicillin canada – buy amoxicillin online cheap
[url=https://pharmacyreview.best/#]canadian drug[/url] canadian family pharmacy
buy cheap amoxicillin where can i get amoxicillin 500 mg – amoxicillin no prescipion
top ed pills [url=https://cheapestedpills.com/#]best ed drugs[/url] cheap ed drugs
canadian pharmacy cheap legitimate canadian online pharmacies
https://cheapestedpills.com/# male ed drugs
amoxicillin 250 mg price in india can you buy amoxicillin over the counter canada – buy amoxicillin online no prescription
What side effects can this medication cause?
mobic online: can i get mobic tablets – where to buy mobic without a prescription
Get warning information here.
can i order cheap mobic without insurance: can i buy cheap mobic pill – where can i buy cheap mobic online
amoxicillin cost australia amoxicillin buy no prescription – amoxicillin capsules 250mg
https://mobic.store/# cost of generic mobic online
cost of cheap mobic online: where can i get cheap mobic without prescription – where to get cheap mobic without prescription
amoxicillin 200 mg tablet: [url=http://amoxicillins.com/#]order amoxicillin online[/url] buy amoxicillin without prescription
best canadian online pharmacy: canadian pharmacy victoza – canadian pharmacies that deliver to the us
http://indiamedicine.world/# best online pharmacy india
zithromax z-pak and alcohol
metformin weight loss before and after pictures
can you drink alcohol while taking zoloft
how to stop taking lisinopril safely
can flagyl treat uti
why spironolactone and furosemide are prescribed together
glucophage purchase
gabapentin enacarbil
can amoxicillin cause uti
zithromax z-pak for sinus infection
cephalexin generation
escitalopram lexapro
ciprofloxacin antibiotic
can you take gabapentin with hydrocodone
cephalexin birth control
azithromycin vs amoxicillin
bactrim ds 800-160
cephalexin dose for dogs
side effects of bactrim ds 800 160
escitalopram moa
hydroxyzine and gabapentin
drugs.com losartan or cozaar?
depakote rash
ddavp in dialysis
what is citalopram used for
cozaar substitutes
depakote extended release
test au ddavp
citalopram dosages
augmentin generic
diltiazem erc
what are the side effects of ezetimibe
why do you take flomax 30 minutes after a meal
flexeril and ativan
contrave glp 1
what is amitriptyline 25 mg used for?
aripiprazole 20mg
aspirin dosage for cat
how to take allopurinol
how does bupropion make you feel
baclofen picture
how long does augmentin stay in your system
celebrex safety
does buspar work
now ashwagandha
celexa medication
celecoxib 200 mg reviews
half life of abilify
semaglutide weight loss before and after
acarbose glucosidase
actos line
clinical pharmacokinetics and pharmacodynamics of repaglinide
robaxin dosage for muscle spasm
what is protonix used for
remeron dosages
repaglinide bcs
sitagliptin can cause yeast infection
spironolactone 75 mg side effects
valtrex synthroid
venlafaxine loss of appetite
what is tizanidine hcl 2mg
tamsulosin at bedtime
zetia dose
mexican online pharmacies prescription drugs: mexico pharmacy – mexican rx online
long term effects of wellbutrin overdose
buy prescription drugs from india http://indiaph24.store/# Online medicine home delivery
india pharmacy
zofran temodar
zyprexa side effects webmd
zyprexa lilly