GNA SEPT 012014 The Bank of Ghana needs to set up a Payments Council to successfully steer the country away from the heavy use of cash for transactions towards embracing a cashlite system According to the Strategic Payments Roadmap Report for Ghana which was developed on the views participants in a stakeholders engagement the country is lagging behind other African countries which are moving fast into cashlite economies These countries are ensuring very high patronage of various electronic payments such as mobile money use of point of sales terminals instant payment and automated clearing house The report launched at the Central ...[...read more]
AUGUST 242014 BIZTECHAFRICA goSwiff a global innovator in mobile commerce and marketing services has connected its 50th bank client GCB Bank Ltd in Ghana to leverage mobile point of sale mPOS on goSwiff mobile commerce platform At the same time goSwiffs Chief Executive Officer Simone Ranucci Brandimarte unveiled new business strategy for the Singapore based companys global operations GCB Bank Ltd is the latest client on the list of banks in the emerging markets to adopt goSwiff mPOS to serve their merchant clients GCB Bank Ltd is the oldest and largest indigenous commercial bank in Ghana and leads the way in innovation with new banki...[...read more]
AUGUST 192014 SPYGHANA The explosive growth in the use of mobile phones in Africa has brought with it a lot of business opportunities not least the phenomenon of mobile money transfers whereby users of mobile phones can use their cell phones or handsets to transact a lot of business such as paying for utilities through direct debit or DDAC checking their bank balances online instructing their banks to deal in monetary and capital assets transferring money to relatives and creditors among others No more do people have to get stuck in traffic jams or queues in alleys highways and offices in Accra to go and pay their water electricity scho...[...read more]
AUGUST 152014 Ghanagovgh Making Mobile Wallet transactions popular acceptable and trusted nationwide will require the support of Central Bank and Government in the areas of policy advocacy and in creating the enabling environment for a more structured and centralized approach Mr Eric Nsarkoh Sales Distribution Executive MTN Ghana who made the assertion said policy change and support for existing cashless transaction providers to encourage active participation and innovation within the sector would help to enhance adoption and expand usage while tax holidays and other related subsidies and reliefs should be extended to mobile financi...[...read more]
AUGUST 132014 PRESS RELEASE The Western Union Company a leader in global payment services today announced the launch of a new mobile money transfer service in the Ivory Coast in conjunction with the MTN Group The new service which builds upon the existing mobile money collaboration between the companies in Uganda allows consumers in Ivory Coast who use MTNs MobileMoneyservice to receive a Western Union money transfer transaction directly on their mobile phones The new offering increases the breadth of Western Unions payout options in Ivory Coast In addition to the new mobile service with MTN consumers can receive funds at nearly 900 W...[...read more]
AUGUST 112014 The Chronicle MTN a leading telecommunications company in Ghana has announced its plans to partner microfinance companies to enable its customers receive and repay their loan facility through the Mobile Money wallet The above if achieved the telecommunication giant believed would take Ghana further in the journey of ensuring a cashless economy According to MTN for Ghana to achieve a cashless society mobile money should be part of the everyday life of the ordinary Ghanaian and the leading payments mode The Chief Executive Officer of MTN Ghana Mr Serame Taukobong said the future of mobile money in Ghana is bright a...[...read more]
OTTO ISONG COFounder Pursar JULY 062014 MMAYour assessment of the Cameroon eCommerce landscape and the Central Africa as a whole Cameroon and Central Africa like most of sub Saharan African has a very low internet penetration rate However given the increasing adoption of mobile phones and upgrading of mobile networks to support more data flows is making internet accessible to many more people With this increasing internet adoption it is most likely that ecommerce given its advantages of cost savings and convenience is going to be one of the main applications to be accessed by the users However this progress may be hindered as a re...[...read more]
JULY 212014 GHANAWEB A brother and his sister are in police custody for intercepting a secret code for mobile money transfer and withdrawing the money The suspects Isaac Arkoh a computer technician and Olivia Mensah a student are said to have claimed the money which had been transferred by an administrator of the Akim Oda College The Odorkor District Police Commander Superintendent of Police Mr Abraham Acquaye said on July 7 2014 a woman filed a complaint that she had sent GH1000 through mobile money transfer but the money had been claimed by someone else She told the police that she had sent the secret code to the recipient throu...[...read more]
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