Skip to main content
#
www.ugandaonline.net
Sponsored Link

Advertisement

Zari Hassan

Uganda's Red Pepper Tabloid
Celebrity Gossip

One Stop Centre for Latest Celebrity News and Gossip.

Follow Us!

Suggested for You 
UOWD Info, You Want it We Provide it
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
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

         UOWD Info
    

Sponsored Links

Tabloid News
Photo Gallery

Advertisement

Popular This Week 
Site Mailing List 
Uganda Online Entertainment News

Uganda Online Email    Copyright © 2020 UgandaOnline.Net- All rights reserved.

Privacy PolicyDisclaimer