This backs up the Rwanda Utilities Regulatory Authority’s (RURA) communique of 27th May 2020, whereby all motorists are expected to settle all transport payments using digital channels only.
Through MoMoPay, commuters will be able to pay for all their transport fees in the safest and convenient way, while motorists receive all their payments in real time. The user will dial *182*8*1# enter the Motorist MoMoPay Code and amount to be paid.
Speaking about the use of MoMoPay for motorists, MTN Rwanda’s Chief Business and Corporate Affairs Officer Chantal Kagame said, “We are pleased to welcome back and support motorists to receive payments via MoMoPay. As we align our interventions with those of the Government of Rwanda to contain and mitigate the spread of Covid-19, we remain committed in driving the country’s cashless agenda.”
In addition, for motorists and moto users to embrace digital payments, we will be awarding many prizes to the most unique payments made bi-weekly ranging from motorcycles, helmets to protect themselves, fuel discount in selected petrol stations and many others. As a welcome token to motorists, we will be supporting them with face masks that will be given across the partner petrol stations in Kigali.
In partnership with NCBA, MTN has committed to provide a loan relief to customers as they navigate through this difficult period. Motorists will be able to access short and medium loans through the MoKash platform that will facilitate them to continue their business smoothly.
Customers who are not able to pay their MoKash loans within 30 days of taking the loan will not be charged a late repayment fee. The late repayment penalty has been extended by 30 days.
Customers who fail to repay their loans by 60 and 90 days thereafter will not have their loan limits reduced or cancelled respectively. An additional 30 days have been granted before a customer’s loan limit is reduced or cancelled.
Accessible via MTN Mobile Money (by dialling *182*5#), MoKash is a loan product offered by NCBA and MTN. MoKash provides 30-day term loans at 9% interest. Through MoKash, customers can also open savings accounts with interest of up to 7% per annum.
MTN Rwanda’s innovative cashless payment solutions to the public reiterates the company’s commitment in contributing to the national economic strategy on enhancing cashless transactions that offer convenience and security to all Rwandans.