MTN Uganda expands MoMo reach with Vodacom partnership

MTN Uganda is opening up its Mobile Money (MoMo) ecosystem even further, adding Vodacom Tanzania to the list of telecom partners that customers can do MoMo transactions with in the East Africa region.

Ali Monzer, GM for mobile financial services at MTN Uganda. Source: Twitter.

The new addition follows the success of the same service with other operators Tigo and Airtel in Tanzania; Safaricom in Kenya; Eco Cash in Burundi; as well as MTN Rwanda. 

The mobile money cross-border money remittance service is intended to ease the process of sending and receiving money in the region. The service is also part of the larger mobile financial services strategy for MTN, to further expand financial inclusion not just in Uganda but across the region. 

Regional remittance service is an important part of our mobile financial services strategy to increase financial inclusion for all using mobile technologies, and to reduce the cost of transferring money between countries. 

Ali Monzer, general manager for mobile financial services at MTN Uganda

“The new partner will take advantage of the extensive distribution network of Mobile Money in the region and reduce the cost of sending and receiving money for our customers,” he added. 

Monzer said the partnership will also facilitate more trade and business partnerships on a regional scale. 

At the end of September 2019, MTN Uganda had about 12.1 million subscribers across Uganda. Overall MTN has more than 243 million customers in 21 countries in Africa and the Middle East, and about 31.7 million active group Mobile Money customers.

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