Rystar News

By Ruth Kiconco With effect from September 2022, MTN’s Mobile Money customers have begun reaping the financial benefits following the separation of the MoMo section from the telecommunication wing of the business.   As a result, MTN Mobile Money is now paying its loyal customers an astounding UGX 5.7 billion interest pay-out for the second quarter of the year which ended on 30 th June 2022. MTN Mobile Money Uganda Limited was separated from its parent company, MTN Uganda, in May of 2021 (last year) pursuant to the National Payment Systems (NPS) Act, 2020. Richard Yego (Left) signs the dummy cheque of the total amount of money to be paid out as interest to the active Mobile Money (MoMo) customers (PHOTO/Courtesy)   Section 49(6) of the National Payments Systems Act (NPS) of 2020 and Regulation 14 of the National Payment System regulations of 2021 stipulates that MTN Mobile Money Uganda pays its customers, interest earned on a Trust Account. The ongoing payout by MTN Mob...

Realtime Tracking (RTT) Uganda - a tech firm - has this month announced the launch of its services in the country. This counter-crime enterprise comes at a critical moment in Uganda as the spate of car-related crime wave is on the rise especially in the major cities and towns across Uganda . RTT enters into the market with a promise to focus on customer satisfaction by offering solutions to suit customers’ evolving needs. Left to Right: Nathan Balinda- Sales Manager Oryx, Allan Tayebwa Managing Director RTT and Lungi Koni, Marketing Manager RTT during the launch RTT’s technological services are aimed at motorists with vehicles as well as motorcycle riders plus businesses with commercial fleets. As one of the fastest growing tracking companies in Uganda,  Realtime Tracking  offers European fleet management products which are reliable brands in this industry from Gurtam, Wialon, Uniguard Technologies and Xirgo Global with robust hybrid devices equipped with high-end GPS/GS...