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MTN Rwanda slashes Mobile Money transfer costs

By IGIHE
On 22 May 2018 at 01:38

MTN Rwanda, the leading telecommunications company in the country has reduced transfer costs by 80% when sending money through Mobile.

Through the newly launched MTN Mobile Money Peer to Peer service, the transactions have been made easier and reduced and endorsed clients to transfer one Rwandan franc.

Previously, the clients were not eligible to transfer below Rwf100 and the charges for those who were transferring below Rwf5000 were high.

The new charges indicate that whoever will use Mobile Money in sending between Rwf1 to Rwf100 will be charged Rwf3 and those who will send between Rwf300 and Rwf1000 will be charged Rwf35 only.

Speaking at the launching event yesterday in Kigali, MTN General Manager of Business, Norman Munyampundu said that the move aims at easing Mobile Money services to all subscribers.

“We have reduced Mobile Money costs for clients to use it effectively. This service has so many subscribers; the more subscribers increase, the more they use it on daily basis,” he reiterated.

He said that Mobile Money services are highly used and they register a total of Rwf98 billion used in different related services monthly.

Currently, MTN Rwanda has 1,600,000 Mobile Money subscribers and is optimistic that the number will continue to grow.

MTN General Manager of Business, Norman Munyampundu

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