Business

NSSF, MTN Partner to Enable Social Security Payments Using Mobile Money

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Nssf executive director Byarugaba Richard and MTN CEO win vanhelleputte during the launch of the MTN, NSSF partnership on tuesday

The National Social Security Fund has Tuesday partnered with MTN Uganda to enable contributors; especially those from the informal sector make payments to NSSF through mobile money.

The partnership will enable NSSF members that are on the voluntary membership plan that was launched three months back as well as the small and medium sized entities that contribute less than 4 million shillings per month to conveniently make payments using their mobile phones.

At a joint press conference that took place at Workers House, the Executive Director NSSF, Richard Byaruhanga said that since the voluntary scheme was launched, the Fund has registered over 4370 new contributors hence the need to help thus big number make contributions in a more efficient and convenient way.

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“This partnership will make our services much better. Our members on the voluntary scheme and the small entities who contribute less than 4million shillings can now easily make their contributions at their own convenience using MTN mobile money,” Byaruhanga said.

He called on more Ugandans who are in private businesses to take advantage of this opportunity and register with NSSF so that they can guarantee the future.

On his part, the MTN CEO, Wim Vanhelleputte noted that the partnership was another step towards fostering financial inclusion through easing payments processes of pensions that are critical to avoiding poverty in old ages.

“For the past years, MTN mobile money service has been impacting people’s lives in tremendous ways. Helping them to contribute for pension fund in a better and convenient way is another way of fulfilling our customers’ needs so that they do not retire into poverty,” Vanhelleputte said.

On the issue of security, Vanhelleputte clarified that MTN mobile money has been modified over years and is now the most secure way of sending, receiving and making payments.

To use the above service, NSSF members have to dial *165*3*4# and follow the prompts.

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