Shell Uganda has signed a partnership with MTN Mobile Money to avail mobile financial services and cashless payment solutions at all 167 Shell Service Stations across the country where customers will be able to, pay fuel, buy groceries, cash withdrawals & deposits, airtime, and data purchase amount others.
Mr. Gilbert Assi, Vivo Energy Uganda Managing Director said, “With this partnership, we are expanding the range of mobile financial services and cashless payment options available at Shell service stations to enable our customers to make secure and contactless payments for goods and services.”
Assi adds that the partnership will also allow them to provide greater convenience to their customers by making it easier to conduct financial transactions at Shell. “There is no need to carry cash to pay for any of the services available at Shell,” he said —as the two industry leaders aim to create/promote a cashless economy.
Mr. Stephen Mutana the CEO of MTN Mobile Money Uganda Limited said the partnership helps to leverage the wide network of Shell service stations countrywide to provide greater accessibility and make it easier for customers to transact via mobile money.
Mobile payment services have become a necessity, especially with the onset of the Covid-19 Pandemic which has fast-tracked the need for contactless payment solutions. The government has also called the public to embrace the use of digital transactions as a way to combat the spread of the coronavirus. Notably, The rapid growth in digital transactions, supported by mobile money has increased the pace of financial inclusion.
MTN mobile money customers will pay for fuel and groceries at any Shell service station by sending money to Shell’s merchant number at no extra charge. With the agents at the stations, MTN mobile money customers can also request cash withdrawals and deposits.
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Assi said they are leveraging the strength of digital technology is yet another demonstration of their commitment to transforming Shell service stations into retail destinations.
With the fast-paced digital world in which we currently live, that continues to be disrupted by digital technology, digital financial services will continue to grow.
The rapid growth in digital transactions, supported by mobile money has increased the pace of financial inclusion. According to the Bank of Uganda, mobile money transactions grew by 19.3% to UGX79.8 trillion by June 2020. UCC 2020 Market Performance Report indicated that there was record growth in the number of mobile money accepting businesses to 32,000 in Dec 2020 from 26,000 in Sept 2020, driven by the prevailing pandemic.