MTN MoMo, a leading mobile financial service provider, has proudly showcased its groundbreaking MoMo loans and savings marketplace. This platform consolidates all savings and loan products associated with MTN MoMo, providing customers unparalleled convenience, flexibility, and accessibility to financial credit options.

Understanding the multifaceted financial requirements of our customer base, the ‘Wesotinge with MTN MoMo’ campaign is set to redefine the way loans and savings are accessed by presenting an extensive collection of products such as MoKash, MoPesa, MoSente, XtraCash, MoMo Advance, and ClinicPesa, among others. The essence of this campaign is to streamline the loan acquisition process and growing savings into an intuitive one-stop hub, thereby dispensing with the need to juggle numerous USSD codes.

The ethos of the ‘Wesotinge with MTN MoMo Loans’ campaign is to empower our customers by granting them the autonomy to promptly fulfill their financial obligations with our loan and savings products that are instant but also affordable and convenient. ‘Wesotinge with MTN MoMo’ consolidates the myriad loan and savings options into one accessible location, with the autonomy to select a custom-fitted loan to the customer’s unique needs.

The MoMo loans and savings marketplace refines our messaging strategy to ensure it is in lockstep with what customers genuinely expect from MTN MoMo. Furthermore, our deep relationships with reputable financial institutions allow MTN MoMo to extend these loan and savings products to our customers with ease and affordability.

Richard Yego, CEO of MTN MoMo, emphasized the importance of collaboration between financial institutions, stating, “We believe that together we are unstoppable. By working hand in hand with our partners, we aim to create a positive impact on the lives of Ugandans by providing them with easy access to financial solutions. This initiative aligns with our commitment to drive for financial and economic empowerment for our customers and all Ugandans.”

The MoMo loans and savings marketplace offers a range of benefits to customers, including:

• Convenience: Apply for a loan or deposit savings on your phone in minutes, without any paperwork or collateral.
• Affordability: Enjoy low-interest rates on loans and earn interest of your savings.
• Speed: Get approved and receive funds in minutes instead of days or weeks.
• Flexibility: Choose from different loan amounts and repayment plans that suit your budget.
• Reliability: MoMo is safe and solid.

The full suite of propositions includes MoKash, MoPesa, XtraCash, MoSente, MoMo Advance, ClinicPesa, and more, each tailored to meet the specific financial needs of different customer segments. Some of these products also have savings solutions with fair interest rates.

To access the MoMo loans and savings marketplace, all MTN MoMo users can use simple USSD code *165*5# or access the products through the MoMo App.

As part of MTN’s Ambition 2025, which aims to drive financial inclusion and economic empowerment throughout the continent, MTN MoMo positions itself as a trusted financial partner, making it easier for customers to access cash and build savings. The “Wesotinge” campaign encourages customers to turn to MTN MoMo for all their quick loan and savings needs, emphasizing the platform’s simplicity, affordability, and efficiency.

About MTN Mobile Money (U) Limited

MTN Mobile Money (U) Limited (MTN MoMo) is a 100% subsidiary of MTN Uganda Limited and the leading Mobile Financial Services provider in Uganda, providing services to over 12 million customers. MTN MoMo Uganda avails its customers with safe, secure and trusted virtual mobile money wallet services, person-to-person money transfer, utility payments, MoMo Pay, school fees payment, savings and loans and many other financial services using a mobile phone. Download the MTN MoMo app for free from Google Play or the App Store and enjoy MTN MoMo’s best-in-class Mobile Financial Services. 

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern, connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN.” We are pursuing our Ambition 2025 strategy, focusing on growth in data, fintech, and digital businesses. 

For more information, please contact:

MTN Uganda Press Office: mediadesk.ug@mtn.com

Rhona Arinaitwe: Rhona.Arinaitwe@mtn.com or 0772 123 067

Patricia Nabasirye: Patricia.Nabasirye@mtn.com or 0772123247

Prisca Baike: prisca.baike@tbwa-uganda.com  or 0782 654 083