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Why withdrawal, bank to wallet electronic cash movement are expensive

MTN MoMo MD, Richard Yego Kampala, Uganda | THE INDEPENDENT | Mobile Money platform operators are demanding for government intervention in the industry’s challenges to ensure that the services are affordable, both to the customers and the companies. Mobile money services are considered more expensive than in other markets in the regions particularly Kenya and Rwanda, and this has been blamed for the lower uptake and limited adoption of the vario…
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The Independent Uganda: broke the news in on Friday, January 30, 2026.
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