Safaricom, MTN Uganda agree international money transfers
Kenyan operator Safaricom is extending its mobile money service M-Pesa to Uganda thanks to an agreement with MTN Uganda. As a result, M-Pesa users can now transfer money to Uganda, to the mobile money accounts of MTN Uganda subscribers.
Safaricom reached similar agreements with MTN Rwanda and Vodacom Tanzania earlier this year. The international service is enabled by MFS Africa. The funds will be sent in Kenyan shillings and received in Ugandan shillings, based on the prevailing exchange rates.
Source: Telecompaper 29 December 2015