Uganda’s Airtel officially launched its mobile money scheme on Tuesday with Prime Minister Amama Mbabazi making the first transaction. The new platform should enable Ugandans to access their money and convert it to e-money in order to pay bills and accounts, top up mobile credit and receive money across the country’s telecom networks.
Mbabazi said that telecom operators in the country are now giving users more options and adding value to their operations, which the PM said would have a “positive social impact and boost economic growth” for the country, singling out rural areas as having the greatest potential.
Airtel’s launch means the country now has four operators serving mobile money, after MTN, Uganda Telecom and Warid Telecom already had launched their services.
Airtel Uganda Managing Director, V.G Somasekhar told guests that the company invested sh300-million ($130 608) to upgrade its network services at 300 sites countrywide.
He said this enabled at least 1.5-million more customers to be accessed, bringing its total customer base to 4-million.