MTN has commercially launched this service to its subscribers in Uganda, Cote de Ivoire and Nigeria after successful pilots last year.
According to a statement released by the company today, MTN Ghana launched Mobile Money ahead of its competitors in partnership with nine banks. The service will allow Ghanaians to perform a range of basic financial transactions using their handsets without the need to open or have a bank account.
The service will allow subscribers to have access to money beyond banking hours or at anytime.
MTN Mobile Money gives cash management freedom to subscribers in line with MTN’s pay off line: ‘everywhere you go’ for as long as users can access MTN’s network.
This service which will also be available on the Internet will enable users to save time for other activities.
Mr. Brett Goschen, MTN Ghana CEO, said: “The introduction of MTN Mobile Money which is convenient, accessible, safe and easy demonstrates the company’s commitment to bring world class mobile services to subscribers in all parts of the country.”
He added that the platform also allows non-MTN customers, including those who do not have a cell phone, to transfer or receive money by using the services of the authorised MTN Mobile Money merchants.
“The secured system and processes conforms to best practices in the industry and highly regulated by relevant authorities,” said Goschen.