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    BoG cautions against use of Ghana Cedi for bouquets and hampers

    CUTS International pushes for passage of Competition bill

    DBG partners UGBS to deepen development finance

    GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC

    BoG assures of enhanced educational campaigns to ensure proper handling of local currency

    Youth in Accountable Governance calls for passage of outstanding revenue bills

    GRA reiterates calls for businesses to embrace  E-VAT

    IES predicts drop in fuel prices from April 1

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    Bank of Ghana increases Monetary Policy rate to 29.5%

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

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    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

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    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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Newly launched G-Money to offer competition for mobile financial operators

bycitibusinessnews
February 1, 2020
in Banking And Finance, Economy
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Head of Mobile Financial Services at GCB Bank, Carl Ashie, has told Citi Business News the newly launched mobile money wallet service, G-Money will offer a more competitive environment for mobile financial operators.

According to him, the launch of the product is part of innovative plans by the bank to meet the ready needs of its customers while adjusting to the fast-changing trends and evolving technology in the industry.

“The more options we have, the better for the customer. So, we can all compete on the pricing and on product options. We are one of the few banks that have ventured into this area. We are the first in Ghana. I think it is more around providing differentiated services for our customers and allowing them to transact at an affordable rate at their convenience” he said.

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GCB Bank, on Thursday, January 30, 2020) launched its mobile money wallet service, G-Money, as part of the bank’s drive to take advantage of its country-wide branch network to deploy a digital payment service that fosters financial inclusion.

The mobile money wallet service will be accessed via various channels such as USSD, the bank’s mobile banking applications, ATMs, point of sale devices and very soon would be available for use on WhatsApp.

At the launch of the product in Accra, Managing Director of the Bank, Anselm Ray Sowah, said the service is the bank’s response to a changing trend in banking where digital payment has become crucial in reaching the unbanked population.

 

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