MTN Mobile Money Transfers

Centenary Bank offers MTN Mobile money services. This is a money transfer mechanism, based on MTN’s Mobile Money platform, which transfers money between phone users.

Product Features

  • Geographical coverage; within Uganda
  • Transaction currencies – only UShs
  • Instant access by the receiver after the funds are sent
  • No need to have an account with CERUDEB in order to send or receive money
  • Customer can send to or receive money from unregistered customer
  • Maximum that can be sent/ received in a day is 5 million for individuals and no limit for agents

Benefits

  • No cash handling risks
  • Instant transactions
  • Can send to or receive from anywhere in Uganda, as long as there is MTN phone network
  • Customer can deposit his/her mobile money on the bank account

Requirements

  • Valid identification to receive money
  • Proper identification of both sender and receiver
  • To send mobile money when, one must be registered with MTN Mobile Money service

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