If you send money to Uganda to support your loved ones, you’re not alone. In 2020 alone, money transfers to Uganda from around the world came to around $1.2 billion, and that figure would have been significantly higher if it wasn’t for the economic slowdown caused by Covid-19.
Money transfers don’t just benefit your friends and family. As Abbey Walusimbi, a senior government advisor on the Ugandan diaspora has said, the population of Ugandans abroad “continue to contribute to the development of our country”. And that’s a pretty inspiring thing to know.
Unfortunately, sending money to Uganda can mean dealing with unfair exchange rates and high fees. This is where Remitly comes in. Our service is both cost-effective and convenient. You can send money to be picked up in physical cash, or transfer it to a mobile money account like MTN Money.
Send Money to MTN Money in 5 Easy Steps
If you want to send Ugandan shillings to a recipient with an MTN account, simply follow these steps.
- For first-time users, download the Remitly app and create a profile. Then select Uganda as your destination country.
- Enter the amount you wish to send.
- Choose Mobile Money as your delivery method and MTN Money as your mobile wallet option.
- Enter your recipient’s name and phone number.
- Enter your payment details.
It’s as easy as that. After checking your details are right, you can go ahead with the UGX transfer. You can also choose to have the person receiving the funds updated on the transfer through our SMS alerts. This way, they’ll know everything’s running on time.
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Why Should I Use Remitly to Send Money to MTN Money?
Remitly takes all the fuss and hassle out of international transfers. As well as being easy to use, our service ensures you get great exchange rates and a fee structure that is completely clear, so you know exactly what you’ll be paying. Plus, if you ever need to change your mind about a particular UGX transfer, you can go ahead and cancel it, safe in the knowledge the money will be refunded to you.
How Quickly Will My Money Arrive with MTN Money?
When sending money to Uganda, you can decide how quickly you’d like it to get there. You can use our lightning-quick Express service, which will have the money in your recipient’s MTN Money account the fastest. If you don’t mind a slower transfer, an Economy transaction will typically take a few hours to complete.
How Much Money Can I Send to MTN Money with Remitly?
As an international money transfer provider, Remitly balances customer service with account security and international regulations. To do this, we have a sending limit when you first open your account.
If you need to send more than that, we will ask you for more information. For more about raising your sending limits, check out details here. Additional sending limits may apply depending upon your choice of payout partner or receiving location.
Is it Safe to Send Money to MTN Money with Remitly?
Operating safely online is part of our DNA. Our in-house team includes security experts who ensure our security protocols are solid at all times. Remitly members are also reassured by the data encryption. With Remitly, you’re always in the know with SMS/text alerts, so if there’s a problem with any transfer you can cancel it right away before it is successfully completed.
Discover more about the security processes at Remitly.
What We Love about MTN Money
Letting people use their mobile phones to pay bills and school fees, share funds with friends and family, and receive international remittances, MTN Money has become a valuable tool used by over 42 million people. Set up by the South African tech giant MTN, the service lets users connect and manage their finances without the need to access traditional banking services.
That’s proved a huge benefit for those living in rural areas, and for those abiding by social distancing restrictions in the age of Covid-19. In fact, as MTN recently revealed, usage of MTN Money has accelerated as a direct result of the pandemic. That said, its popularity is so great, that MTN MoMo (as it’s casually called) will continue to be an integral part of Africans’ lives long into the future.
