ALL POSTS FILED UNDER: MOBILE MONEY
BoG revises balance, transaction limits of mobile money wallets upwards
Add a CommentThe Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing … Read more →
Bank of Ghana warns Mobile Money loan defaulters
Add a CommentThe Central Bank has in statement cautioned all individuals who have acquired loans through mobile money platforms, but have delibrately refused to register their SIM cards under the on-going national SIM Card registration exercise, with the intention of avoiding repayment of … Read more →
Mobile money transactions significantly outstrip cheques by ¢770.4bn in 2021
Add a CommentMobile money transactions for last year significantly outstripped cheque transactions by a massive ¢770.4 billion, the Summary of Economic and Financial Data from the Bank of Ghana has revealed. This is compared to ¢522.9 billion recorded in the eight months … Read more →
Interest payment on mobile money wallets begins on Sept 11
Add a CommentMobile telecom operators with mobile money service have clinched a deal with their partner banks for them to pay interest on customers’ balances in their wallets. This follows a Bank of Ghana (BoG) approval for mobile money operators to negotiate … Read more →
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