Tag: MTN MoMo
-
MTN suspends July 1 new MoMo charges
Telecommunication giant, MTN has suspended its planned adjustments in Mobile Money (MoMo) charges scheduled to have taken effect from July 1, 2023. Earlier, the telco said transactions up to GH¢2,000 were to see a one percent charge and a flat rate of GH¢20 for transactions above GHS 2,000. But MTN now says the decision has…
-
Digital payments: Stakeholders call for collaboration among industry players
The Bank of Ghana has urged private players in the digital payments industry to collaborate with each other in order to further boost the penetration of electronic payments in the country. Despite mobile money service’s significant contributions to Ghana’s financial inclusion drive, cash transactions still remain a dominant base of the local economy. Speaking at…
-
Centralised national identification system needed to address momo loan defaults – MTN advocates
Mobile Money Service provider, MTN Ghana says a centralised national identification system is crucial in addressing the challenge of nonpayment of loans collected by some of its customers. According to the company, some unscrupulous persons register more than one SIM card to take advantage of MTN’s momo service without paying their loans. Speaking at the…
-
MTN extends fee waiver on up to GHS100 MoMo transfer by 3 more months
MTN has extended the fee waiver on its mobile money transfers of up to One hundred Ghana Cedis by three more months. The offer is now expected to end on September 30, 2020. “Mobile Money Limited has extended the fee waiver on MoMo on-net transfers up to Ghs100 daily till Sept 30, 2020. The extension…
-
Deepen discussions on cyber security — Eli Hini
Stakeholders in the Telecom Industry are pushing for the regulator to deepen cybersecurity policy discussions as part of moves to scale up successful digital payment solutions. It is estimated that Ghana lost 97 million dollars to cybercrime in 2018 alone. General Manager for MTN MOMO, Eli Hene thus called on the regulator to increase talks on…
-
BoG considers raising limit on mobile money transactions
The Bank of Ghana has said it is considering suggestions made by operators of mobile money companies for the upward adjustment in the maximum transaction an individual can undertake in a day. The Electronic Money Issuer (EMI) guidelines issued by the BoG categorises customers e-money accounts into three groups which defined their maximum daily and…
-
MTN MoMo marks decade of financial inclusion with over 14 million subscribers
The leading mobile financial services operator in Ghana, MTN Mobile Money Limited, has launched its 10th anniversary to celebrate the huge success it has chalked over the past 10 years in driving financial inclusion especially amongst the unbanked population in Ghana. Recounting the MTN Mobile Money journey during the launch of the 10th-anniversary celebrations held…