Though there isn’t any Coronavirus (COVID -19) case that has been reported to this point within the nation, it seems as if preparations to minimise or management the harm in case of an outbreak, is in excessive gear.
To additional minimise the chance of transmission via dealing with of bodily money, MTN, one of many main telecommunication corporations within the nation has initiated a transfer that would end result into much less dealing with of bodily money in favour of cashless transaction.
Based on a letter dated March 18, 2020, written by Mr Wim Vanhelleputte, the MTN Chief Govt Officer and addressed to the Director, Nationwide Fee Programs Division Unit of Financial institution of Uganda, a dialogue with the central financial institution and a few escrow associate banks came about, ensuing into encouragement, promotion and utilization of cell cash versus the dealing with of banks notes as a precautionary measure.
Among the proposals indicated within the letter embrace; no costs for peer to see on-net transactions beneath Shs30,000; no costs for the pockets to financial institution or financial institution to pockets transactions (depending on the partnership with the business banks); and no costs for all MoMo pay transactions for patrons and retailers.
Each day Monitor couldn’t set up whether or not the banking Trade regulator, Financial institution of Uganda, accredited the MTN gesture to regulate the unfold of COVID 19 inside 30 days starting Thursday midnight.
In his nationwide tackle on the unfold of coronavirus, President Museveni on Wednesday mentioned with cash in markets and banks, the Ministry of Well being will publish particular working procedures governing cash transactions, together with disinfecting the cash, utilizing cell cash, utilizing on-line purchases, amongst others.
“When you keep away from open coughing and sneezing and also you wash your palms usually, then you’ll not contaminate the surfaces ─ the tables, the door handles and many others. Subsequently, your palms don’t pollute the surfaces,” he mentioned.