MTN launches Mobile Money offering in Ghana

The group has also launched the service to subscribers in Uganda and its West and Central Africa (WECA) operations including Cote d'Ivoire and Nigeria following successful pilots in 2008.

MTN Ghana launched Mobile Money ahead of its competitors in partnership with nine banks including CAL Bank, Ecobank, Fidelity Bank, GTBank, Intercontinental Bank, Merchant Bank, UBA, Stanbic and Zenith Bank.

The service would enable Ghanaians to perform a range of basic financial transactions using their handsets without the need of a bank account, and provide access to money beyond banking hours.

MTN Ghana CEO Brett Goschen said: "The introduction of MTN Mobile Money which is convenient, accessible, safe and easy, demonstrates the company's commitment to bring world-class mobile services to subscribers in all parts of the country".

He added that the platform also enabled non-MTN customers, including those who do not have a cellular phone, to transfer or receive money by using the services of the authorised MTN Mobile Money merchants.

"The secured system and processes conforms to best practices in the industry and highly regulated by relevant authorities," Goschen concluded.

Source: AFP

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