MTN UGANDA TO INCREASE THE MOBILE MONEY RATES

MTN-2 (1)

By Nicholas Shawn Mugarura. MTN Uganda has proposed new mobile money charges that will take effect beginning May 10, 2019. According to MTN, the lowest amount of money one can withdraw through a Mobile Money agent is Shs500 and it used to cost Shs330 to withdraw any amount in the range of Shs500-2500, but according to the new MTN Mobile Money transaction charges, this has been increased to Shs350. The highest amount of cash one can withdraw is Shs7,000,000 and to withdraw a sum in the range of Shs4m to…

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