× Digital News Videos Health & Science Opinion Education Columnists Lifestyle Cartoons Moi Cabinets Kibaki Cabinets Arts & Culture Podcasts E-Paper Tributes Lifestyle & Entertainment Nairobian Entertainment Eve Woman TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

AirtelMoney launched in Uganda

By | February 3rd 2012

Airtel Uganda launched its mobile money transfer service Airtel Money in Uganda last week. The service is expected to foster further growth by infusing more competition into Uganda’s fast growing mobile money industry.

The service is the fourth in the country after MTN Money, Warid Pesa and M-Sente operated by MTN, Warid Telecoms and Uganda Telecom (UTL) respectively. MTN Money was the first to launch in 2009 and while it has been dogged by technical hitches, it has reported a fair degree of success and accounts for 80 per cent of the mobile money transactions in the country.

Airtel expects better performance of its service in Uganda as opposed to the dismal performance in Kenya, where the service has remained a distant second to Safaricom’s M-Pesa. "Airtel Money will enable Ugandans withdraw funds directly from ATMs for the first time," the company said in a statement. "The service will extend innovative mobile financial solutions to both the banked and unbanked across the country." "We will help a large segment of the population due to our wider reach," said V G Somasekhar, Airtel Uganda managing director in the statement.

—Macharia Kamau

Share this story
Restoring Nairobi’s iconic libraries
Book Bunk is turning public libraries into what they call ‘Palaces for The People' while introducing technology in every aspect.