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Sunday, September 12 2010
Fast, Secure & Affordable are understatements when it comes to what is now called Mobile Commerce. Launched early 2009, MTN Mobile money has yet again added another service that can be used with its Mobile Money facility on top of sending and receiving money, buying airtime or sending airtime to another number on the same network, now you can also pay for your DSTV bill.

Some have even gone along way in using it as a safe custody for monies or a savings account as monies kept on the mobile phone will remain intact once not touched.  To pay your DSTV bill using MTN Mobile money follow the following steps:
  • MTN Menu
  • Select Pay Bill
  • Select DSTV
  • Enter the 11 digits of your Smart Card
  • Enter the bouquet package amount
  • Enter Pin and Confirm
Digital Satellite Television is provided by Multi Choice with its headquarters at Buganda road in which a dish is connected to your TV set where as MTN Mobile money is open to those on the MTN network though you need to register for the service. Registration is free which normally requires taking down your details on to a form followed by a replacement of your current  sim card to one that is Mobile Money enabled.

The new sim card does not result in loss of data because all the information on the old sim card is transferred to the new sim card. The major benefit in signing up is the reduced charges you pay while receiving money. The charge by non registered customers is a lot higher compared to those who are registered.

So now that registering is free what do you loose and yet the benefits are enormous ranging from sending, receiving, electronic wallet, paying bills. We are crossing to an era of electronic bills a move that environmentalists advocate for day in day out.
Related:  Mobile Money Transfer now in Uganda
Pay for your DSTV with ZAP
Posted by: uowd AT 11:00 am   |  Permalink   |  10 Comments  |  Email
Sunday, June 27 2010
New Business Opportunities are coming up as a result of economic and technological advancement. This has resulted in new jobs and boosted people's incomes as seen below:

Easy Load
Easy load indeed. In the past one had to buy airtime from a vendor and oh yes up to now only that it is more convenient than it was before. Through Mobile Money, one can buy airtime and also send money to their loved ones.

Assuming you are in a precarious situation and you need airtime there and then but with no airtime vendors around you can use mobile money on condition that you have any balance above Shs100. Talk of new trends, some have even started vending airtime depending on the situation.

Supermarket Shopping
The City is flooded with supermarkets and all of them issue computer generated receipts unless otherwise. This has given rise to a new opportunity. Some companies have come up offering shopping opportunities for a commission to those who are busy and are not in position to do shopping in time. One Supermarket is doing 247 shopping but at times you find it closed so those offering that service are coming up steadily.

Weddings
This is a massive industry that has boosted so many line businesses in the process. Short Message Services (SMS) are growing by sending alerts for wedding meetings, Some venues that were redundant have now found better use for their redundant space by hiring out space for wedding meetings to take place.

Photography - Some Hotels have even gone an extra mile to develop photographing sites that the newly weds have taken advantage of during the photo shot sessions. Soon they will be charging for this service.

Catering - Others that have benefited from the wedding explosion are those offering catering services bearing in mind that a few years back weddings were a question of having a soda and a few snacks, today it is a buffet arrangement.

Bridal Cars - The most interesting here is the slow displacement of the Mercedes Benz which has for so long been used as a machine for Bridal Cars and now being replaced by Hummers, Jaguars, Limousines and so on.

Mobile Money
Two years back there was no such a thing called Mobile Money, now it is a question of either you not wanting to use it or not understanding it at all or not seeing any need for it. Zain, Mpesa, M-Sente, MTN Mobile Money are all here and agents have added it top their existing services and are making an extra buck out of it.

Comedy
This is no way connected to technological advancement but clearly becoming a money making machine. It was a matter of entertaining a handful of guests who had gathered after paying Shs 3,000. Today even TV stations are signing them up to be included in the program, line ups for their viewing audiences. The original group Theatre Factory has even split giving rise to another group Fun Factory. The latest is Club Silk that has introduced Comedy as part of their menu and the charge is 25,000 per head. Quite amazing bearing in mind that before these were guys entertaining just for laughs.

SOHO
Small Office Home Office(SOHO) has sprung up as a result of the internet becoming more affordable. For as little as Shs 20,000 per week, One can have access to unlimited internet. With this kind of arrangement, the number of offices at home is on the increase for jobs like Air ticketing, Tour and Travel and Web Design Services among others.

Loan Sales Executives
No doubt this is a new trend as a result of banks becoming more flexible on noticing that other than asking for land titles as collateral, you can now use one's job/salary as security. Loan sale executives are now massively deployed to recruit more customers for the loans. The number of the employed is still very low so the same executives bounce back trying to lure the customers into loan top ups in the process trapping customers into the loan rat race.

Importing Cars
It is not surprising  that the number of cars coming into the country is increasing every month. This is made possible by the internet. One simply logs onto a website and looks at the available stock and places an order online by sending an email to this company. Payment is made by Telegraphic Transfer(TT) and the car is later shipped to the nearest port to you.

This means that anyone can do this without applying to anyone or being subjected to an interview. Not all websites are genuine though. So there is need to carry out a due diligence and once not sure, please resort to the traditional methods.
Posted by: uowd AT 03:18 pm   |  Permalink   |  0 Comments  |  Email
Saturday, May 29 2010
Mobile money services are in the country and the numbers of people using them are increasing by the day. MTN Mobile money has registered over 800,000 users in its first year and they project the numbers at over 3m by 2012.

The population of those with bank accounts is just  half of those with mobile phones and this is the very reason banks have to seriously look into this aspect. It has already happened in Kenya where M-Pesa and Equity bank have partnered.

Those on M-Pesa can use Equity bank ATM cards and they have even upgraded to converting their M-Pesa accounts to savings account which can earn interest and access insurance services.

One of the reasons Mobile Money is picking up very fast is the issue of airtime. Shop attendants in the rural areas are the Mobile Money agents and these are the places these people are used to going to when buying airtime something they have been doing for years.

They are comfortable dealing with these shop attendants compared to banks with revolving doors and armed guards which they think is meant for the rich.
Related:
MTN Mobile Money Ceiling Increased
Pay for your DSTV with ZAP
Uganda Telecom Launches Mobile Money
Buy Airtime with MMM
Posted by: uowd AT 01:36 am   |  Permalink   |  0 Comments  |  Email
Friday, March 26 2010

               M-Sente Mobile Money
Uganda Telecom has joined other telecom companies like MTN and Zain in providing Mobile Commerce to its subscribers. M-sente Mobile Money can allow you to withdraw, deposit, transfer funds and also pay school fees. You can also buy airtime using the service.

The service is very similar to that of MTN and the beauty with these mobile money services is that you can send money to anyone with a mobile phone irrespective of whether they are registered or not. It does also not matter which network the person you are sending money is on.

Zain's Zap Money can be used to fuel at filling stations, access your bank account using the Zap service coupled with being able to send money to anyone in East Africa. MTN's mobile money and now UTL's m-Sente mobile money are focusing on sending and receiving money plus purchasing airtime using the service.

However one bit that continues to confuse most people who are not familiar with Mobile Money is how the money gets to the phone. I always compare it to how you load airtime on your cell phone. In most cases you will go to a shop/dealer and buy airtime. The same applies to depositing or withdrawing money on to your phone, you have to walk to an authorized agent to sign up, deposit or withdraw.

Otherwise, Mobile money is the cheapest and convenient way of sending money from one person to the other as compared to the traditional methods like Western Union, Moneygram, Electronic Funds Transfer especially if the amount involved is from Ugx 5,000 to Ugx 1,000,000/- which is the maximum amount to be sent by MTN for example.
Related: Mobile Commerce Hits Kampala

Posted by: uowd AT 02:00 pm   |  Permalink   |  0 Comments  |  Email
Friday, August 21 2009

Radio, Telly, Billboards and other forms of media are running either Zap Money or MTN Mobile money adverts. But this is technology some will continue shying away from but also a great tool to those who have already tried it out. You can compare this to one who uses an ATM for withdrawing but at the same time fears to deposit through an ATM. This means that they would rather go traditional i.e. walk to the banking hall and bank the money over the counter.

Zap Money is a service of sending money from a Zain Mobile phone to any other mobile phone where as MTN Mobile money is a similar service of sending money from an MTN Mobile enabled phone to any mobile phone in the country. Please note that when sending money; it does not matter which network the recipient is on.

Zap has a lot more functions as compared to MMM. You can use Zap to fuel your vehicle, access your bank account, send and receive money within East Africa and E.A we are talking of five countries i.e. Uganda, Kenya, Rwanda, Burundi and Tanzania.

We are yet to establish which other functions MTN Mobile money can offer over and above sending and receiving money to anyone with a mobile phone in Uganda. Short of that, the services are great and once analyzed through the aspect of sending and receiving money, the new products are doing very well. Over 2Billion Uganda shillings has been transacted within the first two months of launching the service.

Threat to Banks
The population of people with mobile phones is three times higher than the bank account holders in the entire country. The latest statistics of people with mobile phones is at 10Million whereas bank account holders are just 3Million. This has brought in third party affiliations like Western Union who recently teamed up with Zap Money to offer their services.

Kampala Vs Up Country
In Kampala, the money transfer service is well spread across the city because, mobile vans are occasionally seen in busy places tring to register new members and answering frequently asked questions from those who are still trying to get to terms with the new service, Mobile money agents or Zap agents are in each and every corner. Unfortunately this is not the case when you get out of Kampala and you try to go upcountry. For example you might find just one branch in Kireka, followed by another in Bweyogerere, Mukono and then Lugazi. The next Mobile money agent could be in Jinja.

More benefits are yet to be realized from this service which is taking Kampala by storm. In Kenya for example, DSTV subscribers can pay their bills using Zap money.

Posted by: uowd AT 04:01 pm   |  Permalink   |  1 Comment  |  Email
Saturday, April 18 2009

Mobile Money Transfer Now in Uganda 
Once you have enabled your sim card to become MTN Mobile enabled as opposed to sending money to friends and relatives, you can also buy airtime.

Go to MTN Menu> Mobile Money> Buy> MTN Airtime> Amount> 5,000 >Mobile Number>......>Confirm Entry> Ok> MM Pin.....> Confirmation message will follow.

If you have more than 5,000 or 5,000 shillings as balance on your mobile money account, you can use it to buy airtime in case it runs out and yet you were in the middle of an important call with no airtime vendor near by.

It is important to note that you cannot buy airtime below 5,000 as that is the minimum amount to be sent for moblie money transfers.

Posted by: uowd AT 04:51 pm   |  Permalink   |  Email

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