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The Bank of Ghana (BoG) has given GN Bank the go ahead to introduce mobile money to the general public.
This will allow GN Bank to introduce the unique service which combines mobile money with mobile banking to the general public.
According to GN Bank, the service is available on both Android and feature phones.
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They argue that their mobile money system is unique because it is available on all networks which mean that every mobile phone subscriber or the user can open an e-account or wallet with GN Bank.
A customer of GN Mobile Money is able to save money, transfer money, pay bills and buy airtime for all networks from their mobile phone.
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Furthermore, customers of GN Bank will have remote access to their bank accounts via the mobile money service to check their bank account balances, view mini statements and transfer money from one account to the other.
With this product, GN Bank has made it possible for increased financial inclusion by welcoming every mobile phone user to have a wallet on their phone.