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ICT4D Week 2018

Wednesday, November 21, 2018

MTN’s Mobile Money App debuts - ITREALMS

The Mobile Money Open Application Programme Interface (API) has been unveiled and now accessible by third parties; the expectation is to enable innovation around payment systems, reports ITREALMS.

This is coming as MTN has launched a Startup Fund valued at Shs1bn and unveiled the MTN Open API App Challenge.

ITREALMS reports that MTN Uganda is the first telecom company in Uganda and in the MTN Group to grant access to third-parties to its Mobile Money Access Programming Interface (API).

An Open API platform enables developers and programmers to get free access to MTN mobile money proprietary software platform. MTN Mobile Money is the most widely used mobile money platform in Uganda. Developers can now access it, create products that ease payment options and leverage the 10M of MTN clients registered on Mobile Money.

“This is an exciting development for the Ugandan start-ups ecosystem. Innovators will now be able to develop applications that ease the customer experience in terms of mobile money payments. We do hope that this move will spur innovation in the developer community around the country because this is the first time this is being done here,” said Ms. Elsa Muzzolini, the General Manager, Mobile Financial Services MTN Uganda.

In January 2018, MTN Uganda and Consultative Group to Assist the Poor (CGAP) entered a partnership intended to drive customer growth and activity by facilitating a wider range of mobile wallet applications for all customers through open APIs. According to CGAP, open APIs have the potential to further drive financial inclusion, which is already being accelerated by the usage of mobile money.


“Our expectations are that this decision will enable innovators to monetise their products, ensure that there is fast turnaround of innovations to get to market and improve the value created for innovators and entrepreneurs, why not a Ugandan Ebay or Amazon in the next few months” Ms. Muzzolini said.

Nenye Dom/GEE

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