Your Preferred Source of Breaking News
MTN Uganda through its promotion dubbed MoMoNyabo Together is transforming lives of several individuals, an act that is bringing back a bit of sanity following the financial turmoil caused by the COVID-19 pandemic. This life changing money has seen several people revive struggling businesses, clear outstanding bills, fulfil dreams, revamp
Read More
Police has confirmed the arrest and deportation of a third employee of MTN Uganda, the largest mobile service provider in the country. Elsa Muzzolini who has been the General Manager for Mobile Financial Services was deported on Tuesday night following a four hour interrogation at the Police Special Investigations Unit in
Read More
Police Criminal Investigations Directorate (CID) has summoned MTN Uganda General Manager in charge of Mobile Financial Services Elsa Muzzolin to appear and answer for cases related to incitement of violence. This is according to a letter Ref. No. CID/A 131/151 dated January 22nd which The Tower Post has seen. According to the
Read More
In the year 2017, Bank of Uganda directed all Mobile Money operations in Uganda to be interoperable between the telecommunications companies operating in Uganda. The move was aimed at ensuring that customers from different networks would be able to seamlessly send and receive funds directly across all networks. MTN Uganda embarked on
Read More
MTN Uganda has today (Saturday 17th November, 2018) implemented the revised tax measures on mobile money transactions – from 1% to 0.5% on withdrawals only. The implementation comes after the assenting of the Excise Duty (Amendment) Act (2018) into law by President Yoweri Museveni. This Act reduces the tax that went into
Read More
aYo Uganda has hit one million customers in less than 2 years of existence in Uganda. With a joint venture between MTN and MMI Holdings, aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent. While addressing the media at kati- kati Restaurant, the Chief
Read More
MTN Mobile Money remains the most popular with more than half of all mobile money users using the MTN service. This was revealed in a report released by Twaweza East Africa titled “Under pressure? Ugandans’ opinions and experiences of poverty and financial inclusion.” The report reveals how mobile money services have been
Read More
Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa. As part of the expansion, WorldRemit will enable customers in Africa to transfer money to 148
Read More
The number of mobile money transactions in Uganda continues to lead daily transactions in commercial banks by miles. According to Mr. Keval Bid, the head of Transaction Banking at Standard Chartered Uganda, total bank transactions through cheques, EFTs and RTGS among others are about 8.8 million. On the other hand, mobile
Read More
Telecommunications company MTN Uganda and the National Social Security Fund (NSSF) have today announced a partnership that enables payment of social security contributions using Mobile Money. The partnership enables NSSF members on the NSSF Voluntary Membership Plan as well as small and medium sized entities to conveniently make payments using MTN
Read More