MTN Launches Rwanda-Uganda Cross-Border Mobile Money Services


Adewale Fayemi has been appointed new General Manager, more about for Total E&P Uganda.

According to the Oil and Gas Exploration Company, Fayemi will be responsible for preparing Total E&P Uganda’s operations in the Lake Albert basin during the transition from the exploration and appraisal phase to development phase.

Prior to his appointment in Uganda, Fayemi was the Managing Director of Total E&P Ivory Coast, from June 2014 to August 2015.

Fayemi also worked with Total E&P Nigeria as the Executive General Manager, Deep Water Field Operations, from 2012 to 2014 and General Manager, Akpo Field Operations, from 2011 to 2012.

He has also served as Field Operations Manager in both Total E&P Netherlands (2009 to 2011) and Elf Petroleum Nigeria (2007 to 2009).

The new General Manager prior to this held various positions in Elf Petroleum Nigeria, TotalFinaElf EP, Smith International Inc. and Mobil Producing Nigeria Ultd.

Fayemi is a graduate of the University of Lagos and holds a Masters degree in Chemical Engineering.

He has attended various technical and management courses at E.N.S.P.M. (IFP) France, Cranfield School of Management United Kingdom, INSEAD France and Harvard Business School, USA
MTN Uganda on Monday announced the launch of its cross-border mobile money transfer services between Rwanda and Uganda.

This new Mobile Money service will allow customers in both countries to transact via Mobile Money without having to change currencies.

Information from the telecommunication reveals that the service enables an MTN customer in Rwanda to send money in Rwandese Francs to a recipient in Uganda who will receive it in Uganda Shillings.

The recipient has to be a customer of MTN Uganda to receive the transfer.

Currently, approved the service only allows customers in Uganda to receive money from Rwanda.

“Technology is helping us eliminate national borders, enabling a unified digital and mobile financial services world. We are delighted to offer a solution that further enhances this agenda,” Phrase Lubega, the MTN Uganda’s General Manager in charge of Mobile Financial Services said.

“We also trust that our customers will find it easy, fast and a more convenient means of transferring funds internationally,” he added.

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, making it an integral part of our customer’s lives.

They include the payment of fees and taxes to the Kampala Capital City Authority, payment of fuel to Shell petrol stations nationwide to the transfer of bank transactions from one’s bank account to the mobile money wallet as well as online purchases through the ‘Hellofood’ and ‘Jumia’ online shops.

By June 30, 2015, the company had recorded a 12.8% increase in Mobile Money subscribers from 7.3 million (at the end of 2014) to 8.2 million.


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