Western Union and the MTN Group today announced the launch of a mobile money transfer service in Uganda enabling MTN customers to send and receive money via their mobile phones.

This service was announced at a press conference today in Kampala. The Western Union/MTN mobile money transfer service in Uganda will allow users cut down on visits to Western Union branches to pick up cash. Instead, they can “pull” transactions into their MTN Mobile Money accounts.

To access the service customers need an active MTN Mobile Money account.

“Our network of nearly half a million locations, our experience in moving money across borders, and our relationships with the world’s most successful mobile operators such as MTN, ideally position us to introduce many people to cross-border financial services,” Western Union President Diane Scott said.

“We currently have more than 2 million Mobile Money customers, and we continue to grow exponentially. By joining forces with Western Union, our customers can now receive funds directly in their MTN Mobile Money accounts quickly and easily,” MTN Group Chief Commercial Officer Christian de Faria said.

Staff writer