Early last month, MTN Uganda revised its Mobile Money rates for sending money, withdrawing, and making payments. The new rates, which were visibly an increase from the current charges, are set to be effective on this Friday 10th May. Airtel Uganda, too, has followed suit days before MTN’s changes take effect with a revision of the Airtel Money rates on Mobile Banking and Payments.
The telco has overwhelmingly increased the charges on money sent from your Airtel Money wallet to your Bank account, while greatly cutting the rates on utility bill payments and ‘other payments’.
New Wallet to Bank Airtel Money Charges
Transferring between UGX 5,000 and UGX 125,000 to your bank wallet via mobile banking currently costs you UGX 900, but the updated rates will see a gradual increase to up to UGX 2,000 for the 60,000 to 125,000 transaction band.
The increase in charges is equally effective in other bands, with the transactions over UGX 1,000,000 to be charged at least UGX 13,500 from the uniform UGX 4450 that is being charged currently.
Check out the changes below.
New Payments Charges
The rates charged on payments for utility bills and any other payments have changed too, but only effective for transactions of over UGX 500,000. For the utility bills, a uniform charge of UGX 6,300 will replace the current charges of at least UGX 10,700.
For the other payments, you will notice a slight increment from UGX 3,200 to UGX 3,350 for the 500,000 to 1,000,000 band; and a uniform UGX 5,750 rate replacing the UGX 5,500 for the 1,000,000 to 2,000,000 band as well as the UGX 10,000 for transactions above 2 million.
Check out the new rates below.
Airtel confirms that the new revised rates shall be applicable effective 7th June 2019.
