Vendors get UGX10m for using mobile money
JOY: Nansubuga is congratulated by colleagues after receiving the top prize of UGX4 million from MTN MoMo.
As part of its efforts to champion financial inclusion and empower women, MTN Mobile Money, in partnership with Ericsson, has rewarded women vendors at Kalerwe Market in Kampala, for encouraging their customers to use mobile money for their grocery purchases.
There was excitement at the busy market when Ms Sarah Namubiru confirmed receipt of her top prize of UGX4 million, followed by Jane Namusoke (UGX3 million), Aisha Nakigozi (UGX1.5 million), Fatuma Namutosi (UGX1 million), and Lamula Nalweyiso (UGX500,000).
Speaking at the handover of the cash at the busy market, officials said these remarkable women exemplify the spirit of innovation and entrepreneurship, demonstrating the impact of leveraging digital solutions to enhance business operations and customer convenience.
- The initiative, which was launched early this month, signifies a commitment to not only recognize and reward women entrepreneurs but also to create avenues for financial empowerment and business growth.
By encouraging customers to embrace MoMoPay services, these vendors are not only streamlining transactions but also contributing to the digital economy's expansion and efficiency.
In addition to the rewards for promoting mobile money, MTN MoMo offers further support to women entrepreneurs through initiatives such as the Wesotinge with MoMo offer, providing access to quick loans at low-interest rates.
- This holistic approach to financial services aims to address the diverse needs of women in business, facilitating access to capital and promoting sustainable growth and resilience.
By fostering a culture of digital payment adoption and financial inclusion, MTN MoMo is playing a vital role in transforming the business landscape, driving economic empowerment, and unlocking opportunities for women across the country and beyond.