Kampala, Uganda: MTN Mobile Money Uganda Ltd has announced a MoMoPay Merchant milestone with the number of businesses on the service crossing the 200,000 mark.
Launched in 2018, MoMo Pay Merchant enables businesses to receive payments from customers and businesses for goods and services using MTN Mobile Money. The service seeks to help Uganda achieve a cashless economy.
“Mobile payments have become popular as an alternative to cash and this is projected to continue going forward owed to the benefits that come with it such safety, instant, and convenient. More and more businesses now prefer to be paid for their products and services using MTN Mobile Money,” said Richard Yego, Managing Director at MTN Mobile Money Uganda Ltd.
“We are committed to adding more features on the platform that will further boost our business customers in line with our vision of providing leading digital solutions to support Africa’s progress.”
Mobile payments have grown tremendously over the past years in the country as businesses embraced cashless payments and e-commerce in response to the coronavirus pandemic.
Some of the businesses that have embracedMoMoPay Merchant include supermarkets, pharmacies, restaurants, hardware shops, fuel stations and salons among others.
With MoMoPay, merchants can also sell airtime and earn a commission, pay suppliers, pay salaries as well as transfer money to the bank.
About MTN Uganda
MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) license granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. services are delivered through a network of over 170,000 Mobile Money agents, 200 service stores and 13 main distributors. For the six months ended June 2022, MTN Uganda had 16.3 million subscribers, 9.8 million MoMo users and 5.7 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and
www.twitter.com/mtnug for assistance.
