The acting general manager of mobile money services, MTN is keen on having Mobile money services in Uganda evolve from rendering the basic services of sending and receiving money to more advanced operations; making payments. He believes it is a prerequisite for Uganda attaining its goal of a digitized and diversified economy.
He believes more attention should be directed at developing various usage of the mobile money initiative to increase its relevance, jumping on future looming advancements.
We should go away from services like sending money. The potential is now in what we call advanced services to keep the money flowing into the system. A digitized economy can only be realized through mass adoption,
The MTN Open API challenge was an incentive to further create a stream of more ways to use the mobile money services as three startups were awarded $6,000 (Shs21m) for this purpose. The API refers to ‘An Application Programming Interface’, a set of rules and tools for building software applications and how software would interact.
MTN, 15 years ago allowed Ugandans access to its mobile money platform to enable developers build products that receive payments for goods and services, make payments to specific recipients, enable transfer and reception of money across borders, online and offline.
It is reported that over 300 people have tested the software and 100 live applications are said to already generate traffic and making revenue from the open mobile money platform.
The Chief Executive Officer, MTN stated:
If you have the right application, you can scale it up because we have mobile money in 20 countries. The Ericsson platform is across those countries. If you develop an application for Uganda, it automatically becomes available in those countries so the scale of what can potentially be achieved is bigger than a localized application,
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