Eli Hini
MTN, Ghana’s leading mobile telecommunications company, has paid over GH¢8.85million as interest to about 5.8 million Mobile Money customers.
The payment, which was made on November 20, 2016, was done in collaboration with the 16 partner banks of MTN Mobile Money.
Owing to the issuance of the E-Money Issuers Guidelines, the Bank of Ghana approved the payment of interests to Mobile Money subscribers in September 2016.
MTN paid a total of GH¢13.4 million as interests to subscribers for the first and second quarters of 2016.
The payment therefore brings the total amount to over GH¢22 million.
Commenting on the third quarter interest payment, the General Manager for MTN Mobile Financial Services, Eli Hini said, “MTN is committed to making Mobile Money more beneficial to subscribers beyond the convenience it provides and this payment points to that fact.
He urged all Mobile Money subscribers to cultivate the habit of keeping money in their wallets at all times to enable them undertake numerous transactions on the go.
MTN Mobile Money has close to nine million subscribers with over 55,000 merchant points across the country.
There are a lot of services available on the platform.
These include Local Money Transfer, International Money Transfer, General Payment Services including Online Payments, Savings & Micro-loans, School fees payment, Insurance i.e. Mi-Life (the cheapest life insurance service in the market) Bill Payment Services (DStv, ECG, Gotv, Box Office), ATM – Card less Withdrawal (expanded to 6 Banks ATM), Link to Bank Account (Mobile Wallet to Bank Integration) and Bulk Payments.