www.WirelessFederation.com/news: ‘Mobile Money’ service has been launched by MTN Rwanda in partnership with Commercial Bank of Rwanda (BCR) after an investment of USD2 million. The new service enables customers on the MTN network to carry out financial transactions using their wireless handset through the 120 agents nationwide appointed by the operator.
The service is targeting 100, 000 subscribers in the year 2010. Non subscribers can also use MTN’s service.
According to Khaled Mikkawi, CEO at MTN Rwanda, MTNs network reaches over 90% or the population and it is only right that it leverage this coverage for a common good product that will go a long way in the financial deepening of the Rwandan economy.