Airtel Uganda reduces mobile money fees by 79% to improve financial inclusion

UGANDA – Airtel Uganda announced a 79% reduction in their sending and withdraws fees on their mobile money service as part of the company’s efforts to ensure financial inclusion.

Speaking during a press Conference at the Airtel Uganda Head office in Kampala, the company’s Chief Commercial Officer, Amit Kapur said that the move is intended to draw more customers to use Airtel money services but also ease access to affordable and basic financial services across the country.

“Airtel Uganda has taken big strides towards financial inclusion through giving Airtel money, the most affordable rates.

“Starting October 31, our Airtel money customers will enjoy 79 per cent and 60 per cent reduction on withdrawal and person to person transfer rates respectively, making it the most competitive rate on the market”, said Kapur.

The massive reductions will apply to all transactions between one million and seven million shillings.

The development comes at a time when banking agents are slowly eating up on the market share of telecom companies that had controlled the financial sector through mobile money.

A number of people are now using bank agents to withdraw and deposit their money as compared to mobile money accounts following the introduction of the mobile money tax in 2018.

Airtel was launched in Uganda in June 2010 and is Uganda’s most innovative mobile phone operator, which has introduced many “firsts” in the telecommunications sector.

As a mobile operator Airtel introduced affordable communication products and services that have transformed millions of Ugandans and businesses.

In May 2013, Airtel Uganda achieved a great success story having acquired Warid Telecom mand growing to a family of over 8.9 Million customers and being the 2nd largest telecom in Uganda.

CELTEL Uganda was the first Telecommunication Company in Uganda that was introduced in 1995 and transformed telephony by connecting people with the use of a mobile phone.

In July 2007, CELTEL Uganda changed its brand name to ZAIN Uganda that was eventually changed to Airtel Uganda in 2010 thus joining a family of over 361 million customers across its operations at the end of May 2016.

CELTEL Uganda was the first Telecommunication Company in Uganda that was introduced in 1995 and transformed telephony by connecting people with the use of a mobile phone.

In July 2007, CELTEL Uganda changed its brand name to ZAIN Uganda that was eventually changed to Airtel Uganda in 2010 thus joining a family of over 361 million customers across its operations at the end of May 2016.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.