KAMPALA – Barely a month since MTN Uganda revised its tariffs, bitter rival, Airtel Uganda has on Wednesday, May 7, followed suit issuing a statement increasing money banking tariffs.
The telecom’s rates for Wallet to Bank – mobile banking and Pay Bill, have been revised and shall be applicable effective June 7, 2019.
Airtel has overwhelmingly increased the charges on Airtel Money wallet to your Bank account transactions, while greatly cutting the rates on utility bill payments and ‘other payments’
The statement issued read:
“The general public is hereby informed that the Airtel Money tariffs rates for the wallet to bank (mobile banking) and Pay Bill will be revised and shall be applicable effective June 7, 2019.”
Check out the new rates below
Changes in mobile banking
Transactions between UGX5,000 and UGX 125,000 to your bank wallet via mobile banking currently costs you UGX 900, but the updated rates will see a gradual increase to up to UGX 2,000 for the 60,000 to 125,000 transaction band.
The increase in charges is equally the same in other bands, with the transactions over UGX 1,000,000 to be charged at least UGX 13,500 from the uniform UGX 4,450 that is being charged currently.
New charges on Pay Bill and other payments
The rates charged on payments for utilities, UEDCL, KCCA, URA bills and any other payments have changed too, but only effective for transactions of over UGX 500,000. For the utility bills, a uniform charge of UGX 6,300 will replace the current charges of at least UGX 10,700.
For the other payments, you will notice a slight increment from UGX 3,200 to UGX 3,350 for the 500,000 to 1,000,000 band; and a uniform UGX 5,750 rate replacing the UGX 5,500 for the 1,000,000 to 2,000,000 band as well as the UGX 10,000 for transactions above 2 million
This follows after MTN revised its mobile money rates in April for sending money, withdrawing, and making payments. These new rates, which were visibly an increase from the current charges, are set to be effective on this Friday, May 10, 2019.