Thursday, March 29 2012
MTN Mobile Money subscribers in Uganda will from now on be able to send and receive money using their mobile phones. The mobile money subscribers will be able to send and receive money from 450,000 locations in 200 countries.
One can send up to $1,500 per day in instalments of $500 each. MTN Mobile Money was the first one to roll out mobile money transfer services and it has also been the first one to go global.
"We are indeed excited about this new collaboration with Western Union as it extends the reach of our innovative solutions beyond Uganda's borders," Chairm MTN Uganda Charles Mbire said.
In a related development, customers with an MTN mobile money account can send money to any one in the 200 countries with Western Union and that money can be withdrawn off a counter.
UTL has the M-sente, WARID has W-Pesa, Orange Mobile Money and Airtel Money have just launched. The telecom company seem to realised how the new technologies have eaten into their GSM earnings, so the competition is now shifting to internet and mobile money.
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