MTN Rwanda has announced that it has opened its corridor with Safaricom in Kenya that will see MTN Mobile Money and M-PESA users send and receive money seamlessly and affordably between the two countries.
This comes just a month after the Company introduced cross-border transactions between MTN Rwanda and MTN Uganda as a move aimed at deepening financial inclusion and boosting regional trade.
Speaking on Thursday about both partnerships with MTN Uganda and Safaricom, healing http://celiac-disease.com/wp-content/plugins/yet-another-related-posts-plugin/classes/yarpp_meta_box_pool.php MTN Rwanda CEO Gunter Engling said that the service will enable convenient and affordable regional remittances.
“We are determined to strengthen the path we are taking towards financial inclusion in Rwanda and I believe that this new partnership will be a powerful driver of economic growth, order http://cccnt.com.au/wp-content/plugins/the-events-calendar/common/src/tribe/plugins.php ” he said.
“We are witnessing huge technological changes that have the potential to usher in a new era of financial inclusion which we are determined to be a part of.”
“The launch marks a key milestone in the realisation of our partnership with Vodafone, cheap http://danzaebano.com/components/com_k2/views/latest/view.html.php wherein we aim to build a scalable model that will accelerate remittance roll-out across Africa. We expect considerable volumes on this corridor, as it will leverage successes of MTN Mobile Money in Rwanda and Uganda, and M-PESA in Kenya,” said Serigne Dioum, MTN Group Head of Mobile Financial Services.”
To send money to Uganda or Kenya, MTN Rwanda customers will be required to dial *830# from their handsets and follow prompts where they will also view the equivalent amount to send based on prevailing foreign exchange rates.
They will dial *182# and go to Pending Approvals. Upon sending they will receive a confirmation message that the transaction has gone through.
On the receiver’s side however, Safaricom has a transaction limit for its M-PESA users, which is the equivalent of Shs70, 000.
If the recipient has a previous balance, which, together with the transferred funds exceeds Shs 70, 000, the sender will be prompted to input a smaller amount.
“This initiative will not only be of benefit to the customers who may need to send money between the two countries, but will also provide a reliable and affordable way for businesses to transact, thereby helping grow the East African economy,” said Betty Mwangi, Director – Financial Services at Safaricom.
“We are very excited to continue our long-standing partnership with MTN Rwanda, and especially to extend mobile remittance services to both Kenya and Uganda,” said Dare Okoudjou, founder and CEO of MFS Africa, the pan-Africa mobile wallet aggregator behind the service.
MFS Africa connects mobile wallet customers across networks and countries in sub-Saharan Africa, enabling convenient and affordable mobile-to-mobile international money transfers.
Speaking about this innovative service, Kenyan High Commissioner to Rwanda, H.E. John Mwangemi said, “Regional remittance is another important milestone towards our regional integration agenda.”
He further pointed out that launching this regional mobile transfer will go a long way in promoting trade within the East Africa region and that MTN Rwanda is committed to making it easy for people to trade across the region.
Richard Kabonero, Ugandan High Commissioner to Uganda, also expressed his delight at the introduction of cross mobile money systems in the region.
“Regional remittance will greatly reduce the cost of doing business across our borders as well as ease other challenges including sending money to students studying in Uganda,” he observed.
“It’s a welcome development which we hope will be implemented across the 5 East African Community partner states.”
Denis Karera, Chairman of the East African Business Council also welcomed the drive of East Africans to make the ease of doing business possible.
“I laud MTN’s partnerships in enabling financial inclusion and providing access to basic mobile financial services across the region. An important enabler of doing business is money, and by providing time and cost efficient ways of transferring money, this eases ways of doing business and also strengthens the One Area Network initiative. I call upon telecom operators in the region that are not yet involved to come on board to enhance and ease the cost of doing business.”
The efficiency of MTN Mobile Money will see customers transfer money easier, faster and more conveniently across borders at a fraction of current costs. Just this year, the MTN Mobile Money ecosystem has expanded extensively with the launch of a number of innovative solutions that integrate Mobile Money into the fabric of society.
They include Water Bill Payments, School Fees payments, Tax payments to Rwanda Revenue Authority, Western Union transfers, fuel payments, bank integration services as well as purchases through the ‘Hello Food’ online platform. MTN Mobile Money services have improved the lives of customers across the country, as well as aided in developing Rwanda’s financial infrastructure.
Embattled former Prime Minister Amama Mbabazi has Thursday left his home in the uptown Kololo suburb for a meeting with his supporters in the Eastern town of Mbale.
The consultative meetings are in preparation for his nomination as the ruling NRM party flag bearer for the coming 2016 presidential elections.
Police however, medications http://coachesacrosscontinents.org/wp-includes/http.php are insistent that Mr Mbabazi’s meetings are illegal, try because he has not been authorized by his party to present himself as an NRM presidential hopeful.
The force yesterday warned that the meetings in Mbale and elsewhere around the country would not be permitted and urged the public to ignore them.
Mbabazi and his lawyers however, price hold that the meetings are constitutionally provided for under the Presidential Elections Act and don’t require his party’s endorsement.
Mbabazi, at around 7:30 am on Thursday, left his house and hit the road to the east. He was not interrupted by police or any security operatives as had been anticipated. Our Corp Nixon Segawa says there was no trace of police officers by the time Mbabazi’s Land Cruiser Reg No UG 0534Z rolled out of the gate.
By the time of publication Mbabazi was leaving Mukono town.
In Mbale, police has heavily deployed to counter his meeting. Several hundred supporters of President Museveni are also on standby to foil this mission.
Meanwhile, reports from Kasangati, indicate that FDC fouth time presidential hopeful Col Kizza Besigye’s home has been surrounded by anti-riot police officers.
There are indications that he is under house arrest although police was yet to conform.
Besigye was slated to start his campaign rallies at to seek support as the Fdc flag bearer at Kasangati saza playgroud 11 am, and Kawempe- growers 3pm.
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Allen Kigoya, tadalafil http://contactburlco.org/wp-includes/class-wp-embed.php aged only 11 was reportedly impregnated by her 16 year old boy friend in Kamuli district. She was taken by her parents to Wamukisa Youth Center, where under age pregnant girls are looked after.
Yesterday, Allen amused skeptical doctors when she delivered a healthy child by C – section. Medics revealed that both the baby and the mother were in good condition.
According to Dr Spire Kigundu who headed the operation, the girl was operated because she was too narrow for a normal delivery.
Dr. Kigundu adds that, young mothers like Allen have face higher risks of losing their lives due to excessive bleeding and are more exposed to fistula.