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China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
photo from Internet
With the development of technology globalization, mobile money has became a global trend. Withou exception of Ghana, mobile money begins to support the economy of Ghana.
Research has shown that globally the number of adults who have accounts through either a financial institution or mobile money increased from 62% to 69% between 2014 and 2017. In sub-Saharan Africa it increased from 54%to 63% within the same period.
Speaking on the theme for the Mobile Money month in August, Digitizing Payments in Ghana. The Role of Mobile Money, Mr. Hini said “We chose to focus on digital payments because of the potential it has to help drive financial inclusion and push us to another level in driving the cashless economy agenda”. He also said the Mobile Money month extends beyond August till September.
The General Manager of MTN Mobile Money Financial Services further stated that it is important to take a second look at the mode of payments in Ghana as there are a lot of payments mode in this country.
MTNs mode of payment varies from government to people, businesses to people and vice versa. Digitized payments will go a long way to benefit the individual, institutions and the economy in general. It will help for easy tracking of revenues made by institutions, reduce corruption, save money used in printing currency and improve overall efficiency in doing business.
Meanwhile, MTN is positioned well in the mobile financial service sector and invested in technology to make the vision possible. With over 9 million active subscribers, 100,000 agents, over 50,000 merchants across the country and 17 partner banks, MTN is well positioned to lead to the cashless economic agenda through digital payments in Ghana.
In attendance were market women who express their joy of joining the world of digitization through MoMo as some of them registered on the spot? Aside the presence of the market women and some executives from MTN and Partner Banks, Queen Mother’s Market Women Association came in their numbers.
2018 has seen remarkable innovations with regards to mobile money operations in Ghana. In addition to the mobile money interoperability launched in May of this year by government, MTNs MoMo month is on the right track in transforming Ghana into a cashless economy.
