• About
  • Advertise
  • Careers
  • Contact
Sunday, February 17, 2019
Watchdog Uganda News
Advertisement
  • Home
  • News
    • National
    • Politics
    • World News
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Kampala Chics
    • Let’s Talk about Gospel
    • Politics
    • Relationships
    • The Arts
    • The Law
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
    • Netball
    • Rugby
  • Luganda
  • Special Report
    • Education
    • Motoring
    • People
    • Voices
  • Travel
  • Video
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Kampala Chics
    • Let’s Talk about Gospel
    • Politics
    • Relationships
    • The Arts
    • The Law
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
    • Showbiz
  • Sports
    • Football
    • Motorsport
    • Netball
    • Rugby
  • Luganda
  • Special Report
    • Education
    • Motoring
    • People
    • Voices
  • Travel
  • Video
No Result
View All Result
Watchdog Uganda News
No Result
View All Result
Home News National

Public uproar as MTN increases mobile money to bank charges

by Catherine Apolot
5th February 2019 at 10:31
in National, News
Share on FacebookShare on Twitter

Jeremy Kimbugwe has been an ardent user of MTN Mobile Money. The businessman deals in wholesale grain in Maganjo. Until February 1, 2019, Kimbugwe did not have to make the long queues in the bank. Ideally, all he needed to do was transfer the money paid via MoMo pay on his phone by customers, to his bank account in one of the local banks.

He says on average, he moved about Shs4,000,000 to his bank account daily for Shs5,000.

RelatedPosts

Police, Mbire deny New Vision quizzing report, its #fakenews

MTN replaces deported CEO with Gordian Kyomukama

Police, ISO vow to break spying network in MTN Uganda

His bank has a branch just opposite his store. Now, he says he will endure the long lines to personally bank his money after MTN Uganda, increased its mobile money to bank charges. MTN is the leading telecommunication company in the country.

The new rates, announced last month took effect on February 1, 2019.

For example sending money between Shs5000-Shs125,000 to the bank costs Shs1,500 as opposed to the old charge of Shs1,000 whereas sending above Shs2m now costs Shs16,500 as against Shs5,500.

“I just do not get it. How can they more than double sending fees without any kind of reason or warning. How do they expect us to keep our businesses running with such exorbitant charges,” he asked. I think the time is now for us to boycott this broad day theft.”

Jamila Ahmed, a mother of three was in support, claiming that every school term, she transfers in excess of six million to her children’s school bank accounts. Initially, it was cheaper and saved alot.

“I was surprised when I saw the new rates at the beginning of the 2019 school term. In fact, it was cheaper for me to go pay directly at the school.

No reasons for the new rates, listed below, have been given.

 

Comments
Tags: Mobile MoneyMomo Paymtn
Catherine Apolot

Catherine Apolot

Related Posts

Charles Mbire

Police, Mbire deny New Vision quizzing report, its #fakenews

by Mulema Najib
16th February 2019 at 19:41
0

Uganda Police has denied reports that it interrogated businessman Charles Mbire over MTN Uganda’s national security breach accusations. Mbire is...

Kabale accident claims 3, scores injured

by Winfred Alinda Nsheeka
16th February 2019 at 15:04
0

A deadly motor accident has today morning claimed lives of three people and left 13 injured. The accident that happened...

NRM leaders retreat to amend constitution kicks off

by Mubiru Ivan
16th February 2019 at 11:31
0

National Resistance Movement (NRM) top leaders under the Central Executive Committee (CEC) have today kicked off their five day retreat...

Gen Elly Tumwine

PROFILE: Who is Gen Elly Tumwine?

by Mubiru Ivan
16th February 2019 at 11:04
0

General Elly Tumwine is the current Minister of Security in Uganda. He was born on 12th April 1954 in Makorwa Burunga...

Increasing sex crimes in Uganda scare parliamentarians

by Mubiru Ivan
16th February 2019 at 09:52
0

Members of Parliament have expressed concerned over the increasing sex crimes in Uganda thus calling for punitive measures against offenders....

Speaker Kadaga with investors at Parliament Building

Kadaga wows Jewish American investors, roots for agricultural development

by Catherine Apolot
16th February 2019 at 09:34
1

The Speaker of Parliament, Rebecca Kadaga on Thursday met and asked the visiting Presidents of Major Jewish American Organisations to...

Next Post
Kefa Kisaala has lived to see another day as Express coach despite a poor showing

Express chairman Kiryowa keeps faith in Kisaala

bungabetbungabetbungabet

Recommended

Cheshire Uganda’s Children with Disabilities Go Green

1 year ago

PAC breaks off, thieves too get a break

2 years ago

Popular News

  • MC kats and fille

    MC Kats, baby mama Fille fight on stage

    245 shares
    Share 245 Tweet 0
  • PROFILE: Who is Gen Elly Tumwine?

    0 shares
    Share 0 Tweet 0
  • 15 things a man does when he is truly in love with a woman

    0 shares
    Share 0 Tweet 0
  • Whistleblower links MTN Corporate Services GM Katamba to criminal activities

    222 shares
    Share 222 Tweet 0
  • PROFILE: What you need to know about Gordian Kyomukama, the new MTN CEO

    74 shares
    Share 74 Tweet 0

Connect with us

Facebook Twitter Youtube LinkedIn RSS

About Watchdog Uganda

Watchdog Uganda

Media

Watchdog Uganda is a news portal for trending news and commentaries in the areas of politics, security, business, tourism, technology, education, et al.

Contact Information

Yusuf Lule Road.
P O Box 7443, Kampala
Office Line:+256-0777-286815
Email:editorial@watchdoguganda.com

Category

  • #Out2Lunch
  • Agriculture
  • Business
  • CEOs & Entrepreneurs,
  • Companies
  • Conversations with
  • Education
  • Entertainment
  • Finance
  • Football
  • Health
  • Let's Talk about Gospel
  • Lifestyle
  • Luganda
  • Motorsport
  • National
  • Netball
  • News
  • Op-Ed
  • People
  • Photos
  • Politics
  • Politics
  • RealEstate
  • Relationships
  • Rugby
  • Showbiz
  • Special Report
  • Sports
  • Technology
  • The Arts
  • The Law
  • Travel
  • Video
  • Voices
  • World News

Recent Updates

Charles Mbire

Police, Mbire deny New Vision quizzing report, its #fakenews

16th February 2019 at 19:41

The implication of MTN Uganda ‘national security breach’ accusations

16th February 2019 at 12:15

Women who share husbands are healthy, wealthy,according to research

16th February 2019 at 12:00

Copyright © 2019. Watchdog Uganda

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • Entertainment
  • Lifestyle
  • Sports

Copyright © 2019. Watchdog Uganda

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In