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Opposition Want Mobile Money Tariffs Regulated

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look http://cyberstudio.biz/main/components/com_easyblog/controllers/dashboard.php geneva;”>This came after MTN Uganda increased the tariffs supposed to be paid for transaction of money via mobile money.

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Chairman Movement Organization Party, Apollo Nyabongo, as he addressed journalists in Kampala on Thursday, remarked: “Several people all the country use mobile phones to ease money transfers and so increasing tariffs is going to greatly affect the citizens and make them poorer.”


Nyabongo further condemned the telecommunication companies for conducting money transactions illegally in Uganda given that they were licensed for communication not to operate as banks.


He alleged that since these companies are evading tax then the Central Bank and URA should rise up and regulate them.


“These companies are operating illegally without legislation by parliament, therefore they should secure a license to operate as banks and start paying some good revenue to the government,” added Nyabongo.


He also remarked: “The Central Bank should regulate these tariffs that are to be paid for the transactions so as to save Ugandans from being exploited.”


However, according to Ernst Fonternel, MTN Uganda Chief Marketing Officer, the increase in tariffs is meant to enable the telecom company to improve service delivery to their customers, in line with the current market and economic dynamics in Uganda.


“While the cumulative inflation since early 2009 to date is well in excess of 50%, MTN has never adjusted its tariffs to cater for inflationary and/or other economic pressures.

We are adjusting our tariffs slightly, relative to the benefits associated with Mobile Money to ensure we have a sustainable business model for the future” Fonternel said in a statement released on Wednesday.

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