Kampala, Uganda | THE INDEPENDENT | MTN Uganda Group has called for a review of the taxation policy for digital money transitions, specifically the levy on the withdrawal of cash at mobile money agents. In 2018, the government introduced four levies on digital services including mobile money transactions, causing a public …
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West Africa now dominates growth in Africa’s mobile money sector Lagos, Nigeria| BIRD AGENCY | East Africa has lost its mantle as the engine of growth for Africa’s dynamic mobile money sector to West Africa, according to GSMA State of the Industry Report (SOTIR) 2023. East Africa – where the …
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COMMENT | MOSES KAKETO | Imagine waking up one day to find MTN Uganda operating electric purses, issuing debit cards and prepaid cards, taking fixed deposits, and investing some of the money they get in bonds and securities. Industry experts apparently believe this to be a fairly accurate dream. The road to the …
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African mobile money M-PESA giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up. Nairobi, Kenya | BIRD AGENCY | With global remittances set to reach US$5.4 trillion by 2030, according to a specialised UN agency, African …
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Mukono, Uganda | THE INDEPENDENT | Police in Seeta in Mukono Municipality are investigating the robbery of Shillings 50 million from mobile money operators at gunpoint on Thursday night. The two mobile money operators, Racheal Babirye and Emmanuel Ssebayiga say that two men armed with an AK 47 intercepted them at …
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Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money Uganda Ltd customers are now enjoying reduced sending money rates across all networks in and outside the country, making sending money via MTN MoMo cheaper, affordable and simpler this festive season. The new MTN MoMo sending rates apply to three simple tiers …
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Nairobi, Kenya | Xinhua | Kenya’s apex bank on Tuesday announced the successful separation of telecommunications and mobile money business of the country’s second-largest telecom, Airtel Kenya, a first in the east African nation. The Central Bank of Kenya (CBK) said it had welcomed the milestone done by Airtel Networks Kenya …
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Kampala, Uganda | THE INDEPENDENT | The use of digital payment systems in Uganda has grown considerably both for mobile money service providers and banks for the year that ended in June, a new report by the central bank said Friday. The demand for digital payment services was mainly driven by …
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Kampala, Uganda | THE INDEPENDENT | The value of mobile money transactions rose to 145.6 trillion shillings in the last six months ending March 2022. Relatedly, the value of internet and mobile banking transfers rose by 82.8% and 146.1% respectively. This comes amidst growing concerns from the public over the safety …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Communication Commission (UCC) has warned the public against the increasing cases of fraud. UCC through the Acting head of communication and international relations Rebecca Mukite says that there is an increasing trend of conmen who trick people into giving mobile money …
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