Airtel Uganda launches Secure Merchant Tills for Small Businesses.
By Racheal Nuwahereza
Airtel Mobile Commerce Uganda Limited (AMCUL) has announced the addition of the Merchant Till Number for small businesses feature on Airtel Money.
This service which is suitable for informal businesses like market vendors, salon operators, Boda Boda riders on the Airtel network will enable them to separate their business money collections from personal money using their existing Airtel SIM cards.
Regular Airtel Money customers and business owners across the country, will ably use their existing SIM Cards to separate their business finances from their personal Airtel money wallet by using the USSD Code *185*10*10# to create Unique Merchant Till Numbers.
They can then use this number to;
- Receive payments for goods and services from their duuka, boda rides, saloon, etc.
- Transfer money from the till number to their Airtel Money number and
- View balances on both their new Merchant Till Number and personal Airtel Money wallet.
While launching the new service, on Tuesday at Nakawa Market, Japhet Aritho, the AMCUL Managing Director noted that they are committed to delivering on their promise to grow financial inclusion for all in Uganda.
“Today, we have enabled small businesses to create the Airtel Money Merchant Till Number in the comfort of their shops. This is the first tool in business basic financial management. It will help these growing businesses to focus on growing their businesses and tracking their revenues better,” said Aritho.
Aritho added that Airtel has deliberately built a telecom infrastructure of over 21,000 site masts across Uganda, and it is on the back of this infrastructure that innovative solutions like the Merchant Till Number service have been made possible. Customers can enjoy seamless boarder to boarder connectivity, get access to affordable devices, and affordable e-commerce solutions.
Japhet concluded saying, “The new Micro Merchant Till number service will boost business as the proprietors will have proper accountability and oversight of their business. They will know the income that is resultant of the business transactions separate from their personal transactions. The users will, using their current SIM cards, be able to monitor up to 10 different branches of their small businesses.”