MTN Rwanda and MTN Uganda, both wholly owned subsidiaries of the MTN Group will starting next month allow their customers to send and receive money between the two countries in a move aimed at cutting transaction costs and enhancing businesses across borders.
After the Rwanda-Uganda integration, MTN Mobile has set it’s eyes on the East African region where MTN runs several businesses apart from its telco and mobile money services. .
According to Norman Munyampundu, MTN Rwanda General Manager, the deal is expected to ease money transfer and transactions between Rwanda and Uganda. Rwanda is Uganda’s biggest business partner and traders cross from country to country buying and selling goods while others attend universities and colleges across their borders, such a deal will also enhance safety unlike moving with cash in transit.
Tigo Rwanda and Tigo Tanzania in February announced cross-border remittances between their customers.
Munyampundu is optimistic the service will
Rwandan telcos have lately been seeking new avenues through which they can increase their earnings following a poor run over the past few months.