MTN Mobile Money recorded a total of 9.5million transaction worth GHC113million between 2009 and 2011. But by the close of this year (2012), the company expects its Mobile Money Service to record about 13.5 million transactions worth over GHC 300million, which represent over 265% growth in the value transacted.
MTN Mobile Money recorded a total of 9.5million transaction worth GHC113million between 2009 and 2011.
But by the close of this year (2012), the company expects its Mobile Money Service to record about 13.5 million transactions worth over GHC 300million, which represent over 265% growth in the value transacted.
Sales and Distribution Executive at MTN Ghana, Ebenezer Asante disclosed this at a roundtable discussion on “Building a Cashless Economy in Ghana: Prospects, Challenges and the Way Forward”.
The forums was jointly organized by MTN Ghana and Joy FM to find ways of making cashless financial transactions like the use of mobile payment systems, smart cards, direct money transfers, and other e-payment technologies more accessible to lots of Ghanaians, with the view to making Ghana a cashless economy.
Ebenezer Asante said the benefits of a cashless society are vast, and they included reduction in the cost of printing currency notes, and the risk of transporting cash along the value chain from the Central Bank to banks to businesses and consumers.
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