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MTN Uganda Mobile Money Tariffs & Rates 2023

MTN Mobile Money

MTN Uganda is one of the many telecom companies in the country. The mobile network operator holds the largest market share compared to Airtel Uganda, Africell Uganda, Uganda Telecom, and Smile Telecom. One of the services it provides is mobile money. This article will highlight the MTN mobile money tariffs and rates.

MTN Uganda Mobile Money Tariffs

MTN Uganda mobile money (MoMo) allows customers to send and receive money, pay for goods and services, buy airtime, and save and borrow money.

Below are the tariffs that MTN Uganda charges its mobile money customers.

Sending Money Tariffs

Transactions (Ush) To MTN Send To Other Networks To the Bank Send To East Africa
500-2,500 30 830 N/A 1,000
2,501-5,000 100 940 1,500 1,150
5,001-15,000 350 1,880 1,500 1,400
15,001-30,000 500 2,310 1,500 1,650
30,001-45,000 600 2,310 1,500 1,950
45,001-60,000 750 2,500 1,500 2,250
60,001-125,000 1,000 3,325 1,500 3,200
125,001-250,000 1,100 4,975 2,250 5,000
250,001-500,000 1,250 7,175 4,100 9,050
500,001-1,000,000 1,250 12,650 6,150 17,200
1,000,001-2,000,000 1,250 22,000 9,250 33,450
2,000,001-4,000,000 1,250 37,400 11,300 55,900
4,000,001-7,000,000 1,250 55,000 11,300 61,100

Rates for Making Payments via MTN Uganda Mobile Money

Transactions (Ush) To Azam TV, School Fees, Ready Pay, Solar Now Payment To UMEME, DStv, NSSF, Multiplex, NWSC, StarTimes
500-2,500 110 190
2,501-5,000 150 600
5,001-15,000 550 1,000
15,001-30,000 650 1,600
30,001-45,000 750 2,100
45,001-60,000 850 2,800
60,001-125,000 950 3,700
125,001-250,000 1,050 4,150
250,001-500,000 1,300 5,300
500,001-1,000,000 3,350 6,300
1,000,001-2,000,000 5,750 6,300
2,000,001-4,000,000 5,750 6,300
4,000,001-7,000,000 5,750 6,300

Fees for Withdrawing Cash via MTN Uganda MoMo

Transactions (Ush) From Agent From ATM
500-2,500 350
2,501-5,000 450 1,150
5,001-15,000 750 1,150
15,001-30,000 950 1,150
30,001-45,000 1,300 1,400
45,001-60,000 1,600 1,400
60,001-125,000 2,050 2,150
125,001-250,000 3,750 4,000
250,001-500,000 7,350 6,650
500,001-1,000,000 13,000 11.950
1,000,001-2,000,000 16,000
2,000,001-4,000,000 19,000
4,000,001-7,000,000 22,000

 

MTN Uganda also offers MoMoPay, a service that enables merchants to receive payment for goods and services. When customers use this service, they do not pay any charges. However, individual merchants have to pay one percent of the value of the payment, while business merchants pay two percent.

Customers should also bear in mind that the daily transaction limit through MTN mobile money is Ush7,000,000. On the other hand, the minimum transaction amount is Ush50.

MTN MoMo customers in Uganda can have a maximum of Ush5,000,000 in their accounts and a minimum of Ush0.

Other MTN Uganda Mobile Money Charges

MTN Uganda imposes additional charges as follows:

SMS Charges While Roaming

Roaming customers have to pay fees for the SMSs they receive when making mobile money transactions.

Transaction Number of SMSs Fee Inclusive of Tax (Ush)
Purchasing airtime 2 111
Send MTN mobile money to a registered number 2 111
Send MTN mobile money to an unregistered mobile user 4 222
Send MTN mobile money to an unregistered non-mobile user 2 111
Bill payment 4 222

MTN MoMo Service Fees

Service Charge
Buy airtime and bundles for yourself or others FREE
Check MoMo balance FREE
Change PIN FREE
Register for MTN mobile money FREE
Deposit money to your MoMo account FREE
Mini-statement FREE

MoKash Rates

MoKash is an MTN Uganda mobile money service that allows users to save and borrow money. When you access a loan between UGX3,000 and up to UGX1,000,000, you will pay a nine percent facilitation fee.

Moreover, if you fail to repay the loan in 30 days, MTN will extend the loan period for another 30 days at a cost of nine percent. Nevertheless, depositing and withdrawing from your MoKash account is free. Also, checking your loan limit comes at no cost.

When you save with MoKash, your savings will earn the interest below.

Amount Interest (%)
1-300,000 2
300,001-800,000 3
800,001-1,600,000 4
More than 1,600,000 5

MoMoCard Charges

MTN has collaborated with Mastercard to offer the MoMoCard. The virtual card permits users to conduct online transactions with the funds in their mobile money accounts. MoMoCard is valid for 30 days only. Once it expires, you will have to create a new card.

It costs UGX 1,000 to create a MoMoCard. Furthermore, the maximum value of a MoMoCard is UGX3,000,000.

Commissions for Mobile Money Agents

MTN MoMo agents earn commissions for the services they offer. Below is a breakdown of the commissions that agents receive for facilitating various mobile money services.

Transactions (Ush) Deposit Withdrawal Pay Bills for Customers (NWSC, Africell bundles, UMEME)
500-2,500 5 percent of the amount 100 35
2,501-5,000 125 125 100
5,001-15,000 175 200 200
15,001-30,000 225 275 220
30,001-45,000 275 375 250
45,001-60,000 325 475 285
60,001-125,000 400 625 440
125,001-250,000 500 1,050 520
250,001-500,000 950 2,100 1,000
500,001-1,000,000 1,600 4,000 2,000
1,000,001-2,000,000 3,000 4,500 4,000
2,000,001-4,000,000 5,500 5,500 8,000
4,000,001-7,000,000 9,000 6,000 12,000

The Takeaway

With this breakdown of MTN Uganda mobile money tariffs and rates, you will not get any surprises when you make transactions. Learn more about MTN mobile money here.

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