11 December 2012

Zambia: K100 Billion Recorded in MTN Mobile Money

MTN Zambia has recorded transactions involving K100-billion via the MTN mobile money service transfer this year.

Company chief marketing officer Philip Besiimire said K100 billion has been transacted since the firm acquired its full operational license this year from the Bank of Zambia (BoZ).

Mr Besiimira said currently the company has about 400 mobile money agents across the country and that about 30 per cent of the clients transacted using the service on a monthly basis.

"We have seen good response from our customers from the time we launched this product service and I am happy to say that over K100 billion has been transacted using the service this year alone," he said.

Mr Besiimira noted that the company had registered positive increase among its customers who are up signing up for for the service.

He said this in his presentation to the parliamentary committee on Communication, Transport, Works and Supply in Lusaka, last week.

MTN's mobile money allows customers to make payments from their cellphones and transfer funds to other users easily.

He said the firm has about 500,000 registered users of the mobile money service adding that the number was expected to grow.

On the Small and Medium Enterprises (SMEs) MTN was working with company sales and distribution officer Collin Muyanja said the company has directly engaged 3, 000 SMEs countrywide.

He said MTN attached importance to the growth of the SMEs in the country adding that it would continue engaging more as its distribution footprint were growing.

Mr Muyanja said that the number of SMEs the company was currently working with is expected to grow as the network grows.

"As MTN we want to continue creating employment. As we expand our distribution footprints we want to increase the number of SMEs to work with in terms of product distribution, and you may wish to know that each SME also employs three to four workers which is a plus when it comes to employment creation," he said.

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