Current MTN Mobile Money Breakdown

MTN Mobile Money agent commission breakdownHow profitable is mobile money business in Uganda is a question many seek answers for. Customers are interested in understanding the associated money charges for transfers versus withdraws while on the other hand, those seeking to become mobile money agents want to know the commission breakdown for transactions.

With MTN mobile money being one of the giants in the world of money transfers in Uganda, those who want to become their agents can easily access the commission breakdown on their portal for a clear guide.

Also read: How To Do UBA Visa Card Verification

Money mobile business in Uganda is very profitable to those who are situated in busy places due to the fact that they perform a lot of transactions including both deposits, withdraws and transfers (sending). On the other hand, those with less clients can suffer from low profits since commission determined by the number of transactions.

New MTN mobile money agent commission breakdown

Tier Deposit Withdraw
500 – 2,500 5% of value transacted 100
2,501 – 5,000 125 125
5,001 – 15,000 150 200
15,001 – 30,000 200 300
30,001 – 45,000 250 400
45,001 – 60,000 300 500
60,001 – 125,000 350 650
125,001 – 250,000 450 1,100
250,001 – 500,000 800 2,200
500,001 – 1,000,000 1,500 4,400
1,000,001 – 2,000,000 2,750 6,600
2,000,001 – 4,000,000 5,000 11,000
4,000,001 – 7,000,000 10,000 15,000​

New MTN Mobile money charges

 Sending Money   Making Payments   Withdraw Cash 
 To MTN   To Other Networks   To East Africa    To Azam TV, Ready Pay, School Fees, Solar Now  To UMEME, NWSC, DStv, StarTimes, NSSF, Multiplex   From Agent   From ATM
500 – 2,500 100 300​​ 1,000 110 190 350
2,501 – 5,000 300 600 1,150 150 600 480 1,150
5,001 – 15,000 900 1,200 1,400 5​50 1,000 770 1,150
15,001 – 30,000 1,000  1,500 1,650 650 1,600 970 1,150
30,001 – 45,000 1,100 1,500 1,950 750 2,100 1,350 1,400
45,001 – 60,000 1,100 1,500 2,250 850 2,800 1,650 1,400
60,001 – 125,000 1,650 2,500 3,200 950 3,700 2,150 2,150
125,001 – 250,000 1,650 3,500 5,000 1,050 4,150 3,950 4,000
250,001 – 500,000 1,650 7,000 9,050 1,300 5,300 7,700 6,650
500,001 – 1,000,000 2,200 10,000 17,200 3,350 6,300 13,750 11,950
1,000,001-2,000,000 2,200 17,000 33,450 5,750 6,300  21,750
2,000,001- 4,000,000 2,200 27,000 55,900 5,750 6,300 38,650
4,000,001- ​7,000,000 2,200 40,000 61,100 5,750 6,300  52,500

If you have made up your mind and decided to become money transfer agent, the above information should be helpful to you. Yes, you are able to predict how much you will likely make as per commission breakdown above.

Also read: How to Pay OTT Tax Uganda Airtel, MTN, Africell

Also, the transaction charges table above shows the amount of money versus the costs of transacting it where by if you are limited to little capital, you will likely miss out on the big earnings just like you can see that the higher the transaction amount, the much you get as commission.

Note: Transaction charges and commission breakdown above are subject to change from time to time. You can always refer to MTN’s website for an up to date fees.

Type to Search