MTN Uganda has introduced a cashless payments solution, MoMoPay which allows customers to pay for goods and services at no extra costs.
Payment through MomoPay will require no extra cost and its available in most the supermarkets, wholesale traders, shop keepers, pharmacies, restaurants and bars among others.
“When we introduced MTN Mobile Money, it revolutionized money transactions in the country. However, there is still one problem we need to solve. That is reducing cash transactions by taking out withdrawal charges, which makes it quite costly. It is the better way to pay,” explains Christopher Ssali – Senior Manager Mobile Financial Services Products – MTN Uganda.
“Currently, when customers want to make payments using mobile money, they will be asked to add withdrawal fees to the amount. With MoMoPay, the customer pays the exact amount for the goods purchased, providing that incentive not to move around with cash,” Christopher Ssali added.
Elsa Muzzolini, the General Manager Mobile Financial Services at MTN Uganda urged all their clients to embrace the innovation saying; “The risks of carrying money by both customer and merchant are high, unlike MoMoPay. The merchant will receive payment directly into their mobile money account and they will be able to use it for several other features like making salary payments, transferring it to their bank account, purchase airtime for customers – and earn a commission, among others.”