MTN Uganda to hike Mobile Money Rates effective 10th May 2019

mobile money tax

Ugandans will have to dig deeper into their pockets every time they make mobile money transactions on MTN Uganda according to a new tariff guide on the MTN website. In a move that won’t win them any popularity contests, the Everywhere-You-Go network is set to increase MTN Mobile Money rates starting 10th May 2019.

The transactions under question that will be affected include sending big amounts to MTN mobile money subscribers, withdrawing from a mobile money agent, making payments for utilities, good and services. The only silver lining in all this is that sending mobile money to unregistered users and other networks saw some nominal reductions.

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Sending and Withdrawal rates on MTN Uganda: Old vs New Rates

Transaction Tier (in UGX)Sending (Old Rates)Sending (New Rates)Withdrawing (Old Rates)Withdrawing (New Rates)
500-2,500

250100330350
2,501-5,000
500300440480
5,001-15,0001,000900700770
15,001-30,0001,0001,000880970
30,001-45,0001,0001,1001,2101,350
45,001-60,0001,0001,1001,5001,650
60,001-125,0001,6001,6501,9252,150
125,001-250,0001,6001,6503,5753,950
250,001-500,0001,6001,6507,0007,750
500,001-1,00,000
2,0002,20012,50013,750
1,00,001-2,000,0002,0002,20019,80021,750
2,000,001-4,000,0002,0002,20035,20038,650
4,000,001-7,000,0002,0002,20049,00052,500

Sending MTN MoMo to Unregistered users and other networks reduced

All is not doom and gloom though. Sending to unregistered users and other networks won’t cost as much across the board according to the new tariff plan. You will make savings from between 30-60% sending to unregistered users and also those on other networks.

For instance where before you parted with UGX 830 to send MTN Momo in the region on UGX 500 to UGX 2,500, now it will cost you a measly UGX 300. MTN Uganda’s maximum transaction limit ranging from UGX 4,000,000 to UGX 7,000,000 won’t break the bank either. Sending Momo to an unregistered number/other networks will only set you back UGX 40,000 down from UGX 55,000, a percentage reduction of 30%.

However, not all transaction ranges got with the program. Sending MTN Momo transaction amounts from UGX 250,001 to UGX 500,000 will cost you roughly the same amount. (UGX 7,000 from UGX 7,175)



Payments for Bills, Goods and Services: Old vs New Rates

These include bills i.e. via Momo Pay along with various goods & services. Some of these include ReadyPay, Solar Now and also Pay TV service providers StarTimes and Azam TV. The biggest tariff hike is the rage from UGX 30,001-60,000 which sees a 33-35% increase. Interestingly, transactions over UGX 2,000,000 have been slashed by over 40%.

Transaction TierGoods & Services
(Old Rate in UGX)
Goods & Services
(New Rate in UGX)
% Increase
500-2,500
110110
0%
2,501-5,000
140150
6.7%
5,001-15,000
500 550
9.1%
15,001-30,000
500650
23.1%
30,001-45,000
500 750
33.3%
45,001-60,000
550850
35.3%
60,001-125,000
660950
30.5%
125,001-250,000
9501,050
9.5%
250,001-500,000
1,2501,300
3.9%
500,001-1,000,000
3,2003,350
4.5%
1,000,001-2,000,000
5,5005,750
4.4%
2,000,001-4,000,000

10,0005,750
-42.5
4,000,001-7,000,000

Payment for Utilities ( UMEME, NWSC, DStv, NSSF, Multiplex parking)

For some strange reason, DStv is classified under Utilities with a higher transaction charge than the likes of Azam TV and StarTimes. For another strange reason, the biggest tariff hike was the 45% increase for amounts between UGX 2,501 – 5,000.

Transaction Tier Utilities (Old Rates)Utilities (New Rates)% Increase  
500-2,5001901900%
2,501 - 5,00033060045%
5,001- 15,0001,000
1,0000%
15,001-30,0001,6001,6000%
30,001-45,0002,0002,1004.8%
45,001 - 60,0002,650
2,8005.4%
60,001 - 125,0003,500
3,7005.4%
125,001 - 250,0003,9504,1504.8%
250,001 - 500,0005,0505,3004.7%
500,001 - 1,000,00010,7006,300-41.1%
1,000,001 - 2,000,00020,5006,300-69.3%
2,000,001 - 4,000,00040,0006,300-84.3%
4,000,001 - 7,000,0006,300