Ghana's Mobile Money Transactions Reached 1 million

Photo from Business Day Ghana

According to the report,Cross mobile money wallet transactions which was also known as mobile money interoperability, has reached over 1.1 million volume of transactions, from  five months ago.

The over 1.1 million transactions was recorded at the end of September, the latest data from the Ghana Interbank Payment and Settlement System (GhIPSS), indicates.

The total value of cross network transactions amounted to about 99.3 million Ghana cedis.

In its first month of operations, only 96 thousand transactions took place but that figure has risen steadily over the period to over 312 thousand transactions in the month of September alone.

Archie Hesse,Chief Executive of GhIPSS, said with the rapid growth in the volume of transactions, it definitely shows that the mobile money interoperability meets demand.

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