Tag: mobile money
Business
E-levy forced 1 million Ghanaians to render their mobile money inactive – ISSER
A research study conducted by the Institute of Statistical, Social and Economic Research (ISSER) has revealed that approximately one million mobile money accounts became...
Business
Ghana ranks second in Africa for mobile money services growth – Report
Ghana has secured the second position in Africa for the growth of mobile money services, following Côte d’Ivoire, as revealed in the 2023 Oxford...
Business
BoG records over GHS1trn in total mobile money transactions for first 8 months
The September 2023 Summary of Economic and Financial Data released by the Bank of Ghana (BoG) reveals that the total value of Mobile Money...
Business
EOCO goes after Momo fraudsters after signing MOU with Mobile Money Ltd
The Economic and Organized Crime Office (EOCO) and Mobile Money Limited, a division of the world's largest telecoms company, MTN, have signed a Memorandum...
Business
These 3 procedures will help you know the “next of Kin on your Momo
The advent of Mobile Money platforms has significantly enhanced the convenience and efficiency of cash transactions in the digital payment landscape.Over time, mobile service...
Business
MTN to implement increase in cash out fees effective July 1st
The mobile money withdrawal transaction charge will increase to GHS20 for all withdrawals of GHS2,000 or more starting on July 1st, according to telecommunications...
Business
Telcos and BoG joining forces to retrieve locked funds on MoMo accounts – Comms Minister
Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has revealed that Mobile Network Operators (MNOs) are partnering with the Bank of Ghana to facilitate the...
Business
E-Levy revision boosts mobile money transactions
The Electronic Transaction Levy (E-levy) introduced by Mobile Money Limited-MTN Ghana has led to a dip in mobile money transactions, according to Sylvia Otuo-Acheampong,...
Business
Mobile money transactions ‘recovering’ after E-Levy revision
Mobile money transactions have signalled a recovery after having dipped following introduction of the Electronic Transaction Levy (E-levy), Head of Products and Innovations at...
Business
Mobile Money transactions have increased in 2023 – GSMA Report
The Groupe Speciale Mobile Association (GSMA) State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected,...