Rwandans wishing to send money to friends and business in Tanzania have a new channel that makes the process very simple and quick.
MTN Rwanda announced Thursday that it has opened the mobile-to-mobile remittance service between Rwanda and Tanzania.
This new arrangement enables MTN Mobile Money users in Rwanda to send money to Airtel Tanzania subscribers seamlessly and affordably through the MFS Africa Hub.
To send money to Airtel Tanzania, MTN Rwanda customers will be required to dial *830# from their handsets and follow the prompts, where they will also view the equivalent amount to send based on prevailing foreign exchange rates.
Until this latest connection to Tanzania, MTN Rwanda subscribers were only sending and receiving money from Uganda, Kenya and Zambia.
“We are delighted to bring the convenience of instant cross-border money transfers directly to our customers’ mobile wallets,” said Chantal Kagame MTN’s Chief Business and Corporate Affairs Officer.
Rwanda’s MTN recently revised its mobile money MoMo tariffs of up to 80% and subscribers can send small amounts of money, even below Rwf 100, with transfer fees that start from as low as Rwf3.
According to Kagame, MTN Rwanda makes Rwf130 billion in monthly transactions and has 1.7 million active subscribers.