
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 Kampala Vs Up Country 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. Comments:
I think the service is good. Im personally on MTN so I use MTN Mobile money. I find it very convenient because I have used it to send money to father upcountry and also send some upkeep money to my sister at Uni. The thing is they do not have to travel all the way just for simple upkeep. Except for my father who one time went to the nearest agent only to get there and there was not enough money for him to withdraw
Posted by Liz on 23/08/2009 - 05:14 PM
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