22 October 2017

MTN moves mobile money pilots onto commercial footing

11 March 2009  |  4728 views  |  0 iPhone on top of Keyboard

Multinational telco MTN has launched a mobile money transfer service in Uganda and announced plans to extend the service across its operations in Africa and the Middle East.

The MTN MobileMoney offering enables subscribers to send money, buy airtime and pay bills using their cellphone. Recipients do not need a bank account or phone to receive the cash, which can be collected through a network of local agents.

The launch in Uganda follows a six-month pilot, aimed at waterproofing the systems and operational processes in preparation for the commercial launch. Other locations under trial include Cameroon, Ghana, Cote d'Ivoire and Nigeria.

Five additional pilots were also recently launched in Benin, Congo Brazzaville, Guinea Bissau, Guinea Conakry and Liberia, ahead of a wider commercial roll-out

MTN has partnered with local banks for each pilot to ensure compliance with financial regulations, an issue which has dogged the pioneering M-Pesa operation in Kenya.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Mi-Pay and Isys launch mobile money transfer service in Sudan

Mi-Pay and Isys launch mobile money transfer service in Sudan

09 March 2009  |  11391 views  |  0 comments
Monitise partners E-Fulusi to develop East African m-banking service

Monitise partners E-Fulusi to develop East African m-banking service

23 February 2009  |  8153 views  |  0 comments
Zain targets 100 million East Africans with new m-banking service

Zain targets 100 million East Africans with new m-banking service

17 February 2009  |  9858 views  |  0 comments
UK Government to bring 'branchless banking' to developing economies

UK Government to bring 'branchless banking' to developing economies

13 February 2009  |  12543 views  |  1 comments
Recession to hit mobile remittance market - Juniper

Recession to hit mobile remittance market - Juniper

05 February 2009  |  6419 views  |  0 comments
Rwandan telco to launch m-banking service

Rwandan telco to launch m-banking service

12 January 2009  |  6214 views  |  0 comments
M-Pesa faces government audit

M-Pesa faces government audit

11 December 2008  |  10850 views  |  0 comments
Orange and BNP Paribas team on Ivory Coast mobile money transfer service

Orange and BNP Paribas team on Ivory Coast mobile money transfer service

04 December 2008  |  9477 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11047 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11020 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9222 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8271 views comments | 9 tweets | 18 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8236 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job