How it Works

Yo! Payments enables you to transfer money from your account to a mobile money account, as well as receive money from a mobile money account into your account. Note that you can only receive money from a mobile money account if you have a Business Account.

Yo! Payments offers the ability to transfer funds from your Account to the Account of another Yo! Payments user.

The following fees apply:

Inbound Mobile Money Transactions

For transactions involving the transfer of funds from a mobile money account holder, into your Yo! Payments account, a transaction fee of 3% of the value of the transaction is applied. Note: The mobile money account subscriber may be charged Standard Network Operator Pay-Bill transfer fees.

Outbound Mobile Money Transactions

For transactions involving the transfer of funds from your Yo! Payments account into a mobile money account, a tiered transaction fee applies as follows:

Transaction Amount (UGX)	Fee (UGX)
500 – 60,000	300
60,001 – 500,000	500
500,001 – 1,000,000	800
1,000,001+	1,000

Note: Standard Network Operator Bulk Payment Charges may apply. (For payments to MTN Mobile Money Accounts, a tiered bulk payment fee between UGX 300 and UGX 1,200 depending on the transfer amount applies, for payments to Airtel Money Accounts, a tiered bulk payment fee between UGX 300 and UGX 1,000 depending on the transfer amount applies. Note that Network Operator Charges may be subject to change from time to time. Please contact your account representative for the latest Network Operator Charges).

Bank Transfers

For transactions involving transfer of funds from your Yo! Payments account into your bank account, standard Real-Time Gross Settlement (RTGS) or SWIFT Telegraphic Transfer charges apply.

Internal Transfers

A fee of 0.5% per transaction applies for transfers from your account to the account of another Yo! Payments user.

All transaction fees, apart from Network Operator Charges, are indicated in your statement. You may view all transaction fees applied to your account by clicking “View Statement”.

Yo! Payments offers two account types namely Business Accounts and Personal Accounts. Business Accounts have all Yo! Payments features including API access and ability to receive payments from mobile money account holders. Business Accounts are for commercial use of Yo! Payments. Personal Accounts do not have API access and do not have the ability to receive payments from mobile money account holders. However Personal Accounts have all other features.