MTN Uganda the pioneers of Mobile Commerce in Uganda have increased the maximum amount that can be transacted in a day from 1mn to 10mn per day. In a related development, one can buy airtime using the money on their account which in this case is their phone number from Shs 50 to 1,000,000/-
Other carriers like Zain, Warid and UTL have equally launched similar services with Zain's sweeping across East Africa.
With the MTN Mobile money, you can buy mobile money for your account to be credited, which in turn you can use to send to your friends and families or suppliers as you may choose. The person who receives the money on their mobile phone will be notified with an SMS notice on their phone, if registered to mobile money, there will be no need for a secret code, but the sender has got to send you a secret code which have to be declared at the point of withdraw who in this case are the authorized agents.
There is something to note here, MTN has branded all its affiliations as 'Authorised Dealers' but these are not necessary Authorized Mobile Money agents. In Kampala for example opposite Bank of Uganda, you will be able to find an MTN service centre which is one of them, Below Sway Club next ti the Orange shop is another Mobile Money spot.
Supposing you are going to Jinja, Kireka, Bweyogerere, Mukono, Lugazi and Jinja you are likely to find a mobile money centre though you should expect some long queues as the centres decrease in number as you tend to leave Kampala and spread to the outskirts.
The lines have even increased in number after MTN started a promotion of giving away 1mn shillings to one lucky winner everyday for 30 days starting on 14 Mar 2010. To enter the draw you must use MTN Mobile Money.
Mobile Money Transfer Now in Uganda