digitising payment infrastructure across Uganda’s industrial parks will accelerate the country’s shift towards a cashless economy, says MTN Mobile Money Uganda Limited.
The company is exploring opportunities with the government for collaboration in advancing mobile financial services across the parks and other industrial sectors.
Industrial parks are designated zones managed by the Uganda Investment Authority (UIA) alongside public-private partners to centralise manufacturing, processing, warehousing and business operations.
Hajjat Aminah Mukalazi, minister of state for privatisation and investment, met with a delegation from MTN Mobile Money Uganda Limited to explore these opportunities.
Justina Icabala Ziruba, enterprise segment manager at MTN Mobile Money Uganda Limited, says the organisation has already visited several industrial parks to promote cashless trading.
The proposed support includes providing handsets and subscriber identity module (SIM) cards with pre-installed cashless applications, which the company claims are structured with flexible instalment terms.
"This approach will enhance security by reducing the need for people to carry physical cash," says Icabala.
Ziruba also pointed to company features, including fee-free withdrawals for transactions of 300 000 Ugandan shillings (about $74) and below, alongside bulk payment services across mobile money networks.
Keith G. Tukei, chief commercial officer at MTN Mobile Money Uganda Limited, pointed to an existing partnership with Kiira Motors Corporation, where the firm provides cashless payment services for electric buses.
The company seeks to extend similar partnerships to industrial parks and investments in artisan activities, agro-industrialisation, mineral extraction and other sectors through digital financial solutions and merchant lending services.
MTN Mobile Money was launched in Uganda in 2009. From an initial 400 000 users, the platform now supports 15.5 million active mobile money wallets in the East African country.
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