MTN Rwanda has opened a mobile-to-mobile remittance service between Rwanda and Tanzania. This is to enable MTN Mobile Money users in Rwanda easily send money to Airtel Tanzania subscribers through the MFS Africa Hub – a connection of mobile money operations across a number of markets in the sub-Saharan Africa region.
The hub ensures convenient and affordable mobile-to-mobile international money transfers, as well as allow customers to transfer cash more simply and at a lower cost than the traditional methods.
How to send money from MTN Rwanda to Airtel Tanzania
- To send money to Airtel Tanzania, Dial *830# from your handset and follow the prompts, where you will also view the equivalent amount to send based on prevailing foreign exchange rates.
- You will then be prompted to approve the transaction with your MoMo PIN.
- Upon sending you will receive a confirmation message that the transaction has gone through.
A few seconds after, the receiver is notified on his phone that he has received a money transfer, indicating the amount that has been transferred in Tanzanian shillings (TZS) as well as the sender name. The receiver can now check his Airtel Money account balance and cash out the remittance, or use the money for any Airtel Money service.
MTN Rwanda is now registering about FRW 130 billion (about US$149 million) in monthly transactions, with 1.7 million active subscribers in the country out of a connection-base estimated at around 3.8 million by GSMA Intelligence figures for Q1. The launch of regional remittance with Airtel Tanzania follows the recent reduction of MTN’s MoMo tariffs of up to 80 percent. Customers can now send small amounts of money, even below FRW 100, with transfer fees that start from as low as FRW 3.
“Mobile Money has increasingly become a norm in Rwanda as MTN continues to extend financial inclusivity to Rwandans and enrich their individual wellbeing. We are delighted to bring the convenience of instant cross-border money transfers directly to our customers’ mobile wallets.” – Chantal Kagame, MTN Rwanda’s Chief Business and Corporate Affairs Officer
Prior to this, MTN Rwanda opened remittance corridors between Uganda, Kenya and Zambia, providing instant transfers between its customers and those on partner networks.