MTN has partnered with Buganda Kingdom Television to cast a light on the contribution of market vendors to the country’s economic growth
- The Partnership will also see more market vendors get integrated to MTN Mobile Money for business as a way of broadening and deepening financial inclusion, driving economic growth and national development
- With MTN Mobile Money for business, market vendors will be able to make collect payments, pay suppliers, transfer money to the bank as well as sell airtime for a commission.
Tuesday 13th October 2020: Kampala, Uganda; MTN together with the Buganda Kingdom TV station BBS is casting a spotlight on the contribution of market vendors to the growth of Uganda’s economy.
At the launch that was held at Kibuye market in Kampala, it was confirmed that MTN in partnership with BBS TV will operationalize an exclusive broadcast sponsorship called “Ebifa mu katale ne MTN”. The broadcast show that profiles what happens in the marketplace will be aired on television screens across the country and those specially installed in the partner markets, thrice a week.
The total markets to be covered are 20 however, the partnership will commence with 5 markets including Kibuye, Katwe, Nakawa, Usafi and Wandegeya.
Since access to financial services is a critical driver and opportunity for economic growth, MTN Uganda (through this partnership) will focus on deepening financial inclusion at the grassroots by integrating/registering the market vendors to MTN MoMo for their business.
With MTN MoMoPay, market vendors will not only receive payments for their goods but also sell airtime and earn commission, pay suppliers, pay wages as well as transfer money to the bank. This is a strong opportunity for strengthening the payments ecosystem and deepening financial inclusion, a key theme in transforming businesses for SMEs.
Commenting about the partnership, Josep Bogera, the MTN Uganda General Manager Sales and Distribution said that “Our markets and trading centres are a fair reflection of the real hustles of many Ugandans. A fair share of Uganda’s financial transactions take place there and thus it is important for us to understand the pulse of these markets”.
Bogera further added that;” With MTN MoMo fast becoming a preferred mode of financial transactions in these markets , it not only eases the traders to manage their cash flow better but also opens up new avenues of business like cash in, cash out, bill payments and Airtime recharge.”
By working with market vendors, MTN is also educating and affirming MTN MoMo as a safe, affordable, and convenient way through which vendors can transact their business.
MTN MoMo is improving financial inclusion in Uganda. It is a convenient way through which vendors can easily transact with customers but also securely save and bank their money every day.
Given the prevalent pandemic, MoMoPay is also a safer way to make payments and reduce the spread of the virus considering that Covid19 infections are now at community spread level in Kampala. The “Ebifa mu Katale ne MTN” program will also feature inter-market competitions/engagements at a later time when it’s safe to have mass people gatherings.
About MTN Uganda
Launched in 1998, MTN Uganda is the leading communications operator in Uganda, offering Mobile and Fixed telecommunications, Mobile Money Services and Internet Service Provisioning. As at 31st December 2018, MTN Uganda recorded 11.2 million subscribers across Uganda. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and www.twitter.com/mtnug or www.twitter.com/mtnugpro for assistance.
About the MTN Group
Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN”. We are pursuing our BRIGHT strategy with a major focus on growth in data, fintech and digital businesses.