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MTN Mobile Money; Transforming Lives and Driving Financial Inclusion

MTN Uganda’s General Manager for Financial Services, Phrase Lubega addressing the media during a recent Press conference.

Uganda woodball international duo of Lilian Zawedde and Joel Adupa have left to China to participate in the 2015  China Open International Woodball Championship which takes place from Friday 15thSunday 18th October 2015 at Sanya (Hainan Island).

The two are for Ndejje University woodball team who are also their trip sponsors alongside Uganda Woodball Federation.

They return to Sanya which is ranked the most beautiful coastal city in China, capsule http://conforms.com/wp-includes/class-wp-editor.php with a top of the world Woodball venue where the 6th World Cup Woodball Championship was held last year.

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The duo were part of the ladies and men teams that finished 5th and 8th respectively in the last edition of China Open.

Both head for the championships with high hopes of bettering their performance on international stage after bagging several medals in the just concluded 7th Coral Coatings – Uganda Woodball Open 2015 where Zawedde won a Gold, treatment Silver and a Bronze while Adupa scooped one Silver and one bronze.

She will be playing in her fourth International competition this year after competing in Thailand, Singapore and Malaysia while Adupa returns to the international scene for the first time since winning a bronze 4th World University Woodball Championship held in Malaysia last year.
Former National Resistance Movement [NRM] Secretary General Hon Amama Mbabazi will not be joining in the party’s National Delegates Conference slated for October 30th as had earlier been speculated.

Mbabazi, pilule http://continentalagra.com/wp-admin/includes/template.php who broke ties with the ruling party in June and declared bid for president in the coming elections, what is ed said on this day he will be focused on his impending nomination by the Electoral Commission.

The NRM yesterday released the roadmap to the three-day National Conference at Mandela National Stadium where delegates are expected to elect new national office bearers, and also receive and elect the NRM presidential flag bearer for the 2016 presidential elections.”

Asked whether Mbabazi was invited, NRM Deputy Secretary General, Richard Todwong told journalists “It’s upon Amama Mbabazi and Hon. Jacqueline Mbabazi to attend or not.”

However, in a brief communique on Friday afternoon, Mbabazi said he would not be in attendance and neither would his wife Jacqueline who is hospitalized in London.

“My wife Jacqueline will also not be attending. She is presently unwell and undergoing treatment in the United Kingdom,”

“When I married my wife I made a promise that from that day forth, for better, for worse, for richer for poorer, in sickness and in health while we both live, I would give her full support. I am her primary helper and so I have taken some time away from campaign activities in order to give her the support she needs. My family and I expect her to make a full recovery soon,” he said.

Mbabazi yesterday reassured his supporters that he would not backtrack to support President Museveni, like former Vice President Gilbert Bukenya, noting that he is not “that kind of person.”

 

 
Six years after its launch, order http://cjs.coop/wp/wp-includes/taxonomy.php MTN Mobile Money has transitioned from just facilitating remittances of cash to becoming an indispensable component of today’s society.

The service was initially designed to enable customers to send and receive money domestically and buy airtime using their mobile phone.

 

But Mobile Money has continued to grow and evolve into a mainstream method of payment for goods and services, this web facilitating seamless banking transactions and tax payments; payment of utility bills, allowing parents to pay their children’s school fees and simply paying for food and for MTN products and services, as well as purchasing products online.

According to the Telecom, the growth of MTN Mobile Money has been unparralled, with over 7.5m subscribers, 3.5m of which are active daily, the total number of registered users has overshadowed the overall number of bank account holders in Uganda over the years.

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“The ease and convenience of Mobile Money can best be illustrated by how widely it has been accepted as the preferred method of payment for bills and utilities. Today, more than 70 percent of all utility bills are paid through the MTN Mobile Money platform,” MTN Uganda’s General Manager for Financial Services, Phrase Lubega said.

In terms of payment of utilities, MTN Mobile Money facilitates the payment of an average of Shs 5.8 billion monthly, which is 71.42 percent of the volume collected by all mobile money subscribers in the market.

MTN also collects about sh2.1 billion water bills through mobile money, which is 74.55 percent of total volumes collected.

“The integration of financial services into the Mobile Money portfolio has seen the service not only drive financial inclusion, but has also boldly cemented MTN’s influence as the leading financial services provider in Uganda,” Lubega added.

“We are proud to say that MTN has indisputably become Uganda’s leading financial service provider, enabling consumers to access alternative methods of transacting to suite their lifestyle,” he said.

“MTN Mobile Money now partners with 12 financial institutions facilitating deposits and withdrawals of funds seamlessly from their accounts. On average, over 20,000 MTN subscribers already use this service each month,”  Lubega revealed.

Overall, 87 percent of all mobile money to/from bank transactions are facilitated by MTN Mobile Money.

In addition, over 35,000 subscribers majorly in rural Uganda access solar power by using MTN Mobile Money to pay. MTN is proud to partner with companies  such as Ready Pay and Mkopa, which are changing lives through enabling access to affordable electricity services

Mobile Money in the digital world

Mobile Money is backed by breakthrough technology that offers a complete end-to-end customer experience enabling real-time transactions and can seamlessly replace cash.

Today the MTN Mobile Money has completely become digital.  If you own a smart phone as a mobile money subscriber you can simply download the new MyMTN Mobile Money App to get a fully digital experience for all MTN Mobile money transactions.

“MTN Mobile Money is so much more than money on your phone. It’s a boldand transformative service that has seamlessly integrated the extensive financial services ecosystem of Uganda and made it accessible through your mobile phone, towards an easier and simpler way of life for all Ugandans. MTN Mobile Money is transforming lives every day and simply makes life easier for the over 7.5 million MTN Mobile Money users,” said MTN’s Chief Executive Officer, Brian Gouldie.

 

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