EzeeMoney to ease transactions

EzeeMoney to ease transactions

A new platform that allows customers to transact money using cards has been launched, beefing up the country's efforts of having a largely cashless economy.

EzeeMoney Limited officially launched last Friday, promising convenient services for its customers.

"We're offering an extension for all services, so our card can be linked to all networks and it serves as your e-money wallet," EzeeMoney's chief executive officer Zerubabel Kwebiiha Junior, said.

Using its EzeeMoney Hybrid Card and EzeeMoney Vouchers, the company says it will revolutionalise Uganda cashless transactions.

According to the 2012 Bank of Uganda survey, as many as 12 million Ugandans already use mobile money services offered by all the major telecom firms MTN (Mobile Money), Warid Airtel (Warid Pesa and Airtel Money), utl (M-Sente) and Orange (Orange Money). Payments for utility bills are increasingly done through mobile money electronic transfers from mobile telephone handsets.

The EzeeMoney card works like a bank ATM card once taped at EzeeMoney terminal machines, which Kwebiiha says will be spread over the country as the company expands. In the last six months, they have established 2000 sales points where agents with EzeeMoney terminals are located. At these terminals, customers can load money on their EzeeMoney cards, pay bills or withdraw cash.

It costs Shs 3000 to acquire EzeeMoney card. Customers with or without a mobile phone can send or receive money by purchasing vouchers from EzeeMoney agents. During the recent launch at Kampala Sheraton hotel, Centenary Bank CEO Fabian Kasi confirmed the bank had moved billions through EzeeMoney to disburse loans especially to their rural customers.

Governor Emmanuel Tumusiime-Mutebile hoped EzeeMoney would bridge the gaps where formal banking services are not available or expensive.

Sia Lee, founder of Mobile Money International, the parent company of EzeeMoney Ltd, assured the public of sound management, given their solid business background and successes in Malaysia, Indonesia, Kenya and Tanzania.

Moses Mugalu