May 232013 FinancialTechnology Africa Just weeks after becoming the number 1 app in Ghana Hellofood announces its new cooperation with Tigo and Tigo Cash With the cooperation with one of Ghanas largest telecommunications provider Hellofood takes one more step in supporting its position as the most reliable and hasslefree food delivery service in Ghana With access to the Tigo network ordering food online is now as easy as never before The Tigo network ensures reliable and affordable internet connections so that the entire diversity of the Hellofood service is available throughout the ten regions in Ghana Since Hellofoods mobile app is t...[...read more]

May 232013 Business Ghana Tigo Ghana as part of its Corporate Social Responsibility initiative has partnered with EB Accion The Cherie Blair Foundation for Women and the United States Agency for International Development USAID on a groundbreaking mobile money project that will empower hundreds of women entrepreneurs in Ghana Participating women will have the opportunity to increase their earnings by becoming a Tigo Cash Agent and will receive valuable access to loans and handson business and financial literacy training to help them expand their businesses As part of this program entrepreneurial women with small businesses from all re...[...read more]

May 172013 APO IFC a member of the World Bank Group and the MasterCard Foundation this week convened key financial industry players to build further momentum for mobile financial services in Cote drsquoIvoire The event recognized the marketrsquos enormous potential especially for increasing access to finance for low income households small scale businesses and in hardtoreach areas Mobile phone penetration in Cote drsquoIvoire is more than 90 while only 14 of Ivoirians have access to financial services Mobile network operators have registered more than two million mobile financial services customers in the past three years The Ivori...[...read more]

May 172013 FRED YAW SARPONG SpyGhana Various economies of the world are moving from the use of cash to a situation where digital is applied Is Ghana ready for this new revolution It is getting clear that many countries in the world are switching from doing businesses by using physical cash to a situation where all transactions will be done by digital means This is mainly common in developed countries and many other developing countries too have started implementing it Cashless economy is what many call it It is an economy without cash it uses digital money instead and transactions are made easily Or a cashless economy is...[...read more]

May 132013 Ghanaweb The banking hall remains customersrsquo most preferred channel for transacting banking business in Ghana an April 2013 Africa Banking Industry Customer Satisfaction Survey by KPMG the global accounting firm has revealed The report said in spite of heavy investment in technology by banks to encourage the use of alternate channels in banking such as ATMs Internet banking Point of Sale terminals POS and mobile banking consumers prefer to use a bank branch Six out of 10 respondents said they withdraw cash using the branch while 83 percent pay their bills at a bank branch Comparatively only 8 percent of customers u...[...read more]

May 092013 The Chronicle Telecommunications giant MTN Ghana says 400000 of its subscribers transact businesses through the MTN Mobile Money which is gaining grounds in the West African second largest economy Over two million subscribers nationwide are currently on what industry players notably MTN Mobile Money Airtel Money and tiGo Cash believe to be the fastest and secure way to send and receive money via a communication gadget The Senior Commercial Manager of MTN Mobile Money Eli Hini told the Business Chronicle that his outfit transacted about 600000 mobile money transactions from January to March this year while 200000 transaction...[...read more]

April 242013 Visa the global payments technology company on Monday announced that about 93 of Ghanaians are aware of Mobile Money The research conducted by Visa Inc and Fundamo the Visaowned mobile money platform also revealed that MTN Ghana is the most recognized mobile money provider with 90 of people being aware of the brand The Visa study suggests that the success of mobile financial services is determined by how deeply a mobile money provider understands its customers and tailors the service to the needs of consumers and mobile money agents ndash from service menus to marketing and education According to the study 88 of r...[...read more]

April 182013 GNA The management of UT Bank on Wednesday unveiled its new innovation in banking dubbed UT Bank on Wheels to its shareholders at the Banks 2013 Annual General meeting in Accra The service which will be the first of its kind in the banking industry in Ghana is a mobile branch equipped with modern communication and technology systems to offer real time online banking services to the general public with convenience The Mobile Bank dubbed UT Bank on Wheels will provide full banking services including Cash Payments and withdrawals opening of Current Accounts and Savings Accounts International Money Transfers Foreign cash de...[...read more]