Here is how much interest MTN paid to mobile money users in Ghana

desmond frimpong

August 6, 2018 2:05 PM

General Manager of Mobile Financial Services of MTN, Eli Hini, says the telecom giant is well positioned to lead the digital agenda for all forms of payments in Ghana.

MTN Ghana has reportedly paid a total of GH¢ 98.9 million to active mobile money subscribers as interest at the end of July.

He stated that MTN Ghana can boast of over 9 million active subscribers; 100,000 agents and over 50,000 merchants, as well as 17 partner banks across the country.

Hini made this known at the launch of this year's mobile money month themed 'Digitizing Payments in Ghana - The Role of Mobile Money'.

According to the general manager, digital payments has the potential to help in drive financial inclusion as well as cash lite economy.

“MTN has tagged August to deepen awareness on mobile money, share its impacts and benefits as well as educate individuals on the use of this innovative and convenient service, he added.

He believes that digitised payments of MTN transactions has helped easy tracking of revenues made by institutions, reduce corruption, save money used in printing currency and improve overall efficiency in doing business.

Hini makes reference to a global research to underscore the importance of mobile money. “The number of adults who have accounts through either a financial institution or Mobile Money increased from 62 per cent to 69 per cent between 2014 and 2017.”

In the sub-Saharan Africa, the number had increased from 54 per cent to 63 per cent within the same period, he stated.

desmond frimpong