Tuesday
February 19
2019

Telecom companies in Uganda face legal battle on unclaimed Mobile Money balances

Human Rights Defenders Uganda has started a legal battle to push telecom companies to declare all airtime and mobile money balances on sim cards owned by deceased persons.

Gideon Tugume, the Executive Director of Human Rights Defenders – Uganda dragged the telecoms to court demanding that they submit all unclaimed Mobile Money and Airtime balances to the state. He says the money should be sent to the consolidated fund instead of reverting to the service provider.

Under the current procedure, phone lines that remain inactive within 90 days are removed from the network. However, the balance on their mobile money account is transferred to an internal dormant suspense account after a period of 180 days.

Photo courtesy of lirneasia.

Source: Kampala Dispatch (link opens in a new window)

Categories
Finance
Tags
financial services, fintech, mobile money, telecommunications