Tag: Mobile Money Transactions
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Value of MoMo transactions decrease by 8% between December and January amidst e-levy brouhaha
The yet-to-be implemented electronic transfer levy may have already started having an impact on e-payment transactions. This is because latest data from the Bank of Ghana reveal a decrease in the value and volume of mobile money transactions, internet banking services and Ghipps Instant Pay. The Bank of Ghana’s report shows that the value of…
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Value of MoMo transactions shoots up by almost 100% in June 2021
The value of mobile money transactions has increased by almost 100 percent in the last twelve months. The total value shot up by 96.7 percent from June 2020 to June 2021. On a monthly basis, the value of transactions from May to June saw a minimal increase of about 3 percent. This is contained in…
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Value of MoMo transactions rises by over 150% between April 2020 and April 2021
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total amount increased by over 150 percent from April 2020 to April 2021. On a monthly basis, the value of transactions from March to April this year, saw a minimal increase of about…
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Be mindful of MoMo fraudsters – MTN urges consumers
While mobile money transactions have increased financial inclusion and made money transfers less stressful over the past years; it comes with some disadvantages as well. One of the challenges for users of the platform in Ghana these days is the phenomenon of Mobile Money fraud. The fraud is either perpetuated physically through robbery attacks on…