MTN MoMo Unveils New Financial Solutions for Small Businesses

Leila Baku
3 Min Read
Jemima Kariuki, Chief Product Officer at MTN MoMo, emphasized the campaign's significance: "We are committed to supporting SMEs by offering tailored financial solutions that address their unique challenges.

MTN MoMo has launched the “Zimba Business with MoMo” campaign aimed at empowering small and medium-sized enterprises (SMEs) across Uganda. The campaign commenced with a katogo breakfast meet-up at Nakawa Market, marking the beginning of a series of initiatives designed to enhance business operations through innovative financial solutions.

Empowering SMEs




Recognizing the pivotal role of SMEs in Uganda’s economy, MTN MoMo introduces comprehensive financial services under the “Zimba Business with MoMo” campaign. This initiative aligns with MTN’s Ambition 2025 strategy, focusing on driving financial inclusion and economic empowerment nationwide.




Key Features of the Campaign




The campaign introduces four main features tailored to meet the diverse needs of business owners:

  1. Get Paid: Business owners can receive payments seamlessly through their MoMo wallets, providing customers with a convenient cashless payment option.
  2. Make Payments: Facilitates efficient payments to suppliers and vendors via merchant-to-merchant transactions. Businesses can manage expenses promptly and securely directly from their MoMo wallets.
  3. Get Loans: MTN MoMo offers micro-merchants access to quick loans with higher limits through services like Wezimbe Business Loans and XtraStock. This feature supports business expansion and operational enhancements.
  4. Make Money: Business owners can earn additional income by assisting customers with MoMo transactions, earning commissions for each transaction facilitated.

Supporting SME Growth

Jemima Kariuki, Chief Product Officer at MTN MoMo, emphasized the campaign’s role in supporting SMEs: “With ‘Zimba Business with MoMo,’ we are committed to providing tailored financial solutions that address the unique challenges faced by SMEs. By positioning MTN MoMo as a flexible business partner, we aim to foster growth and financial inclusion.”




Ambition 2025 and Economic Empowerment

Aligned with MTN’s Ambition 2025, the campaign underscores MTN MoMo’s commitment to enhancing financial access and promoting economic development in Uganda. Marion Angom, Head of Legal at MTN MoMo, highlighted the campaign’s strategic importance in advancing financial inclusion across the country.

Regional Engagement




The campaign will include regional meetings across Uganda, ensuring widespread accessibility of MoMo services to SMEs nationwide. Business owners are encouraged to stay updated through MTN MoMo’s social media channels for information on upcoming events in their areas.

Conclusion

Join the “Zimba Business with MoMo” campaign and explore how MTN MoMo can elevate your business operations. With a focus on innovation and empowerment, MTN MoMo remains committed to driving SME growth and economic prosperity in Uganda.

 

Feature Description
Get Paid Receive payments seamlessly to MoMo wallets, offering customers cashless payment options.
Make Payments Efficiently pay suppliers and vendors through direct MoMo transactions.
Get Loans Access quick, higher-limit loans to expand business operations.
Make Money Earn commissions by facilitating MoMo transactions for customers, enhancing business revenue streams.
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Leila Baku Mohammed is the NS Media publisher for the West Nile Region.
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