Monday, July 27, 2009

MTN Launches Money Transfer In Ghana

MTN Ghana has launched its Mobile Money service in Ghana. The service allows mobile owners to store and transfer money, and pay for goods, without needing a bank account. The service joins Mobile Money implementations in Uganda and Nigeria. Interestingly, you don't need to be an MTN customer to access certain functions of the service… or even own a mobile.
 
Mobile Money is partnered with with nine different banks. The service is also available on-line, or through authorised MTN Mobile Money merchants.  Through these merchants, non-MTN customers can transfer or receive money, without needing their own phone.
 
From the release:
 
Mr. Brett Goschen, MTN Ghana CEO, said: "The introduction of MTN Mobile Money which is convenient, accessible, safe and easy demonstrates the company's commitment to bring world class mobile services to subscribers in all parts of the country. The secured system and processes conforms to best practices in the industry and highly regulated by relevant authorities."
 
What we think?
 
I'm interested in the functions of this service that don't require an actual phone. If your financial service allows people to walk into an authorised location and perform transactions, then how long is it until you start implementing actual banking services? Mobile Money could in time simply become Money.
 
 

9 comments:

money transfer said...

http://ukion.blogspot.com/2008/04/transfer-money-from-alertpay-to-paypal.html

transfer money said...

Nice information for transfer money online. it's facilitate foreign exchange business with the help of transfer money services and also transfer to overseas.

money transfer said...

It's a nice informative blog for online money transfer services also provide many services like currency transfer, business currency exchange, send money overseas and more..

money exchange said...

This blog is having a needful information for whom, who wants to learn about money exchange.

Ron said...

It's a nice informative blog for transfer money online.

Money transfer abroad said...

Great information for money transfer abroad. I would like to thank you for your information.

Devid said...

This is nice information to share about Money Transfer. Continue with such informative and quality posting.

Devid said...

Hi, The topic that you have discussed in the post is really amazing, I think now I have a strong hold over the topic after going through the post. I will surely come back for more information.
Transfer Money

Devid said...

This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality information. Thanks for sharing.
money transfer