The hope for a truly cashless economy regained new fuel on Tuesday when MTN Uganda, a leading telecom company officially launched Momo Pay, a new electronic system of payment at Shoprite supermarket.
The “Everywhere you go” telecom, which has over half the mobile money subscribers in Uganda to its name hopes Momo Pay will drive the cashless economy in Uganda and improve financial inclusion. By using the system, shoppers with MTN mobile money will now be able to transact cashlessly at any Shoprite supermarket.
Momo Pay looks to mitigate risks of carrying cash and getting the country up to speed with other already digitized economies. The company has pushed the wallet across the country with launch tours in Mbarara, Fort Portal, Lira etc.
“Momo Pay will mean customers do not have to carry cash on themselves,. When going shopping, one doesn’t have to move with so much money on them. All they need is to have it on their mobile money account and pay using Momo Pay to transact. Christopher Ssali, Manager MTN mobile money.
Should you pay with MTN Momo Pay?
The benefits of MTN Momo Pay are quite a number. It saves shoppers from the risks of carrying cash such as theft and misplacement. Momo pay will also enable MTN users to keep records of their purchases which improves accountability. MTN Momo does not involve extra charges. The customer only pays for the amount of the goods.
Many big companies are pushing digitisation and the paperless/cashless economy. The likes of Safeboda have been pushing for cashless rides and Stanbic driving towards a paperless economy with Online Account opening.
- MTN Uganda launches MoMocard, a Mastercard-powered virtual card for shopping and making payments
- How to pay for Goods & services using MTN MoMoPay
- MoMoPay lets you pay for Goods and services using MTN Mobile Money with zero charges
- MTN MoMocard: Here are 10 things you should know
How to pay using Momo Pay at Shoprite
MTN has put in pace POS systems in all Shoprite checkouts. All a customer needs to do is punch in their MTN mobile money number and then they will be prompted to enter their mobile money PIN on their phones. The POS automatically has has your bill and hey, that’s it. All transactions at the time of writing this post are FREE!
Forget the times of fumbling with coins and change at checkout. MTN Momo Pay is an effective and fast way to check out at busy supermarkets like Shoprite.