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MTN, BBS TV to Highlight the Contribution of Market Vendors to Uganda’s Economic Growth

The highlight will be aired on television screens across the country and those specially installed in the partner markets, three times a week

MTN Uganda together with the Buganda Kingdom TV station; BBS TV will from now be highlighting 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” that profiles what happens in the marketplace and it will be aired three times a week.

The program will also feature inter-market competitions/engagements at a later time when it’s safe to have mass people gatherings.

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.

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MomoPay is a cashless payment system that allows MTN customers to pay for their goods/services directly from their mobile money accounts. Photo by Olupot Nathan Ernest/PC TECH MAGAZINE
MomoPay is a cashless payment system that allows MTN customers to pay for their goods/services directly from their mobile money accounts. Photo by Olupot Nathan Ernest/PC TECH MAGAZINE

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.

MTN Uganda Chief Marketing Officer; Mr. Somdev Sen said that “markets and trading centres are a fair reflection of the real hustles of many Ugandans.” He adds that “a fair share of Uganda’s financial transactions take place there and thus it is important for to understand the pulse of these markets.”

MTN MoMo is fast becoming a preferred mode of financial transactions in major markets and 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 as 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 Covid-19 infections are now at community spread level in Kampala.

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