Airtel Uganda has drastically increases the commission it gives out to Airtel Money agents on deposits made by customers. The new rates, which take effect today the 4th of October, see an increase in the tips that the agents receive for deposits made from UGX 5,000 to UGX 4,000,000.
Transactions between UGX 5,000 and 60,000 will see an increase in the rates by 25 shillings, while those between 60,000 and 250,000 will see an increase by 50 shillings. Deposits of UGX 250,000 to 500,000 will have the commission raised by 150 shillings, 500,000 to 1,000,000 will see an increase by 100, and 200 shillings increase on the deposits between 1,000,001 and 2,000,000.
Transactions above 2,000,000 will earn a commission more by 500 shillings while the rate won’t change for deposits above 4,000,000. It will remain at UGX 9,000.
Prosper today with Airtel Money!
We have increased commission earned on deposits (cash-in) at agent points effective 4th October 2019. pic.twitter.com/mS6oFUsd6t
— Airtel Uganda (@Airtel_Ug) October 4, 2019
Airtel Uganda also recently revised its Airtel Money withdraw charges. The telecom company increased the maximum transaction amount from UGX 5,000,000 to UGX 7,000,000 and also reduced the maximum withdraw fee.
As per the revisions made, the notable changes apply to withdraws above the million mark.
Withdrawing between UGX 1,000,001 and 2,000,000 will cost you UGX 7,300 less than the initial 19,800; withdrawing between UGX 2,000,001 and 4,000,000 will cost you UGX 22,700 less than the initial 35,200; and withdrawing between 4,000,001 and 7,000,000 should cost you UGX 37,000 less than the initial 49,500.
This all implies that withdrawing above the one million mark or between UGX 1,000,001 and 7,000,000 will cost a flat fee of UGX 12,500. Airtel says the changes from this will take effect on 31st October 2019.