MTN Uganda in consultation with the Central bank of Uganda and other commercial banks has planned to waived charges on its on-net mobile money transactions below Shs30,000 due to the looming coronavirus pandemic which has ravaged most of the neighbouring countries like Rwanda, Kenya, DR Congo and Tanzania.
MTN CEO Win Vanhellepute says “This is to minimize the likelihood of transmitting the coronavirus. Handling of physical cash is one of the ways the virus spreads thus the company is encouraging people to go cashless and use mobile money in its new move to scrap fees off some transactions”.
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,” Wim Vanhellaputte added.
The emergency transaction fees will take into effect midnight Thursday 20th March 2020 and remain in place for a period of 30 days. These include; There will be no mobile money transaction charges for MTN to MTN transaction below UGX 30,000. There will also be no charge for the wallet to bank or bank to wallet transactions and no charge for all MoMo pay transactions for customers and merchants.