MSACCO.
Call MSACCO support Contact the MSACCO customer care team at your convenience for more information.
Overview
All about the MSACCO application system
Why MSACCO?
MSACCO, serves the purpose of enhancing financial inclusion and accessibility, streamlining operations, and improving overall financial freedom for both the institutions and their members.
It enables efficient and secure transactions, leading to better financial empowerment and improved customer experience for both SACCOs and MFIs.
What is MSACCO?
MSACCO is the most convenient and effective solution for SACCOs and Microfinance to provide mobile financial services to its members and customers respectively.
With MSACCO, members can make deposits and withdraw money from their respective accounts, make payments to various SACCO products. Payments to the SACCO via MTN Mobile Money or Airtel Money have now been simplified. Members can also access their funds through INTERSWITCH ATMs and POS.
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MSACCO
The Consumer-facing part of the platform.
For Africa’s low and middle income earners, MSACCO is the gateway to a variety of community-responsive and affordable financial services provided by a growing network of Credit Unions and MFIs.
Through reliable and secure digital channels, end consumers are able to grow personal savings, access affordable credit and make payments. By empowering the subscribers to make informed choices, we enhance their freedom to determine their financial destiny.
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Step 1
Setup
After downloading and installing the app on your mobile device, open it and start the registration process. -
Step 2
Register
Open the application, enter your phone number, search for your SACCO name, select it and continue to next steps until you complete the process. -
Step 3
Connect and Transact
After you have registered on your SACCO, you are free to carryout transactions to your liking.
Benefits
Benefits of MSACCO to a SACCO member
To the Subscriber
Save money & time
Be able to transact using different channels, anytime, from anywhere. No need to travel to the banking hall anymore.
Additional Income:
Increased dividends payout due to growing efficiency at the Credit Union (SACCO) or Micro Finance Institution (MFI)
Accountability
Monitor the activities on you account. No surprises, keep track of your money on your phone anywhere, anytime
Affordable credit
Access to more affordable credit due to improved Credit Scoring resulting from frequent transactions and access to the Credit Reference Bureau.
To the Financial Cooperative or MFI
Customer Acquisition & Retention
Regardless of which town, village or country your members shift to, keep serving them through MSACCO
Cheaper to do business
No need for setting up multiple banking halls any more. Members no longer need to come physically to transact
Source of Revenue
Generate repetitive incomes from every carried out transaction by the SACCO's or MFI's members.
Increase Profitability
SACCOs and MFIs are able to reduce their monthly infrastructural cost by 90% and hence improve efficiency and profitability
Terms and Conditions: Follow this link for a detailed overview of how you can use the MSACCO App under its regulations.
Latest news and highlights
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Need more information? Click here to contact our experts and ask anything about MSACCO
Call the number below at your convenience
Toll free: 0800 220 220 (UG)
Working Hours: Mon – Sat
(07:00 – 21:00 Hrs)