Tag: Mobile Money
MTN Nigeria recorded 5.3 million mobile money wallets in 2023
MTN Nigeria has reported that its MoMo Payment Service Bank (PSB) reached 5.3 million active wallet users on its platform as of December 2023.Â
According...
MTN, Mastercard to accelerate mobile money ecosystem in 13 African markets
MTN Group Fintech and Mastercard have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of...
E-levy implementation: Policymakers urged to involve academia
Project Director, Retail Finance at ISSER, Adadzewa Otoo has said that the chaotic and erratic implementation of digital finance tax (e-levy) across Africa is...
MoMo wallet balance and transaction limits to go up from March...
The Bank of Ghana (BoG) has announced an upward revision of mobile money wallet balance and transaction limits for all categories of customers effective...
MTN, Ericsson renew contract to boost MoMo footprints in Africa
MTN and Ericsson have renewed their partnership contract to enhance mobile financial services and financially empower millions of citizens across Africa. Â
Per a statement on...
Mobile Money agents pull brakes on GHS1,000 maximum withdrawal decision
The Mobile Money Advocacy Group (MoMAG) has immediately suspended the decision to limit mobile money withdrawals to GHC 1000.
It comes after a meetings with...
Mobile Money Agents to limit cash out to GH₵1,000 per transaction
Various Mobile Money agent groups in Ghana have announced that beginning December 1, 2023 cash withdrawals will be limited to a maximum of GH₵1,000...
Mobile money users in Tanzania going back to cash payments to...
Tanzanians are using mobile services less often than two years ago when the government introduced new taxes on mobile money transactions.
In July 2021, the...
VIDEO: VeryPay eliminates complexities from payments with mobile money
Mobile money technology solutions provider, VeryPay has developed a set of innovations that eliminate the various complexities associated with the use of both mobile...
Ghana places 2nd in Africa with 100% mobile money services growth...
Ghana placed second behind Côte d’Ivoire in Africa in terms of growth of mobile money services, according to the 2023 Oxford Economics Africa Report...