Access to mobile money services could be enhanced, thanks to MTN's new partnership with banks. The country's leading telecom has partnered with Access Bank, Urwego Opportunity Bank and GT Bank to provide Mobile Money ATM withdrawal services across the country.
Access tomobile money services could be enhanced, thanks to MTN’s new partnership with banks.
The country’s leading telecom has partnered with Access Bank, Urwego Opportunity Bank and GT Bank to provide Mobile Money ATM withdrawal services across the country.
The initiative will see MTN Mobile Money subscribers withdraw money from their Mobile Money wallets using these bank’s ATMs without using a bank card, the General Manager in charge of MTN Business, Norman Munyampundu, has said.
"Bringing additional financial institutions on board creates convenience for mobile money users and showcases MTN’s commitment to continue championing innovation,” Munyampundu, told The New Times.
Meanwhile, I&M Bank Rwanda also offers Bank Integration Services where MTN Mobile Money subscribers can transfer money from their Mobile Money and I&M bank accounts, he noted
In July this year, MTN partnered with KCB and I&M Bank Rwanda to enable MTN Mobile Money subscribers to transfer money between their Mobile Money and KCB accounts, as well as withdraw money from their Mobile Money wallets using I&M Bank ATMs.
To withdraw money from an ATM a customer will first have to get a withdrawal code by dialling *182# > Banking Services > ATM and follow the prompts. The user will receive the 4-digit code by SMS which he/she will enter when making a withdrawal at the ATM.