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Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
The CEO of Ghana Interbank Payment and Settlement Systems (GhIPSS), Archie Hesse, has urged the public to adopt electronic payments as a lifestyle in
How the pandemic is solidifying contactless payments
Prior to the COVID-19 pandemic, mobile payment uptake was largely driven by convenience. While convenience is still important, the pandemic has put a
Ghana’s Payment System Is Challenged-Kweku Adoboli
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MoMo Interoperability Grows by Over 350% in the first quarter of 2020
The mobile money service which allows for the seamless transfer of funds across different networks popularly referred to as the Mobile Money Interoperability (MMI), has increased by 358% in the first quarter of 2020. According to the figures from the
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Alibaba Extends $3B Loans to Coronavirus-Affected Firms
Alibaba said on Monday (Feb. 17) that ㍐20 billion ($2.86 billion) is available in loans via its affiliate, Ant Financial’s MYBank, to help companies affected by the Coronavirus, Reuters reported, citing an announcement on Alibaba’s official Weibo account. In addition, Alibaba is extending preferential terms to firms located in Hubei — the c
African Banks Must Work With Fintech Startups
The need for African banks to innovate at a quicker pace and access new customer segments is reason for the increasing number of financial institution
GCB Bank To Issue Electronic Money
The Bank of Ghana (BoG) says it has granted GCB Bank Ghana authorization to issue electronic money similar to what is popularly known as “mobile mon
AirtelTigo Appoints New CEO
AirtelTigo has named Mr. Murthy Chaganti as the new Chief Executive Officer of the company. Prior to his appointment, Mr Chaganti was the Chief Operat
MTN Deepens Financial Inclusion For Women In Ghana
As part of the GSMA’s Connected Women Commitment Initiative, MTN Ghana has committed to increase the proportion of women in their mobile money cust
Apple Launches a New Credit Card
Apple has followed in the footsteps of Amazon with the debut of the new Apple Card. One can apply directly on their iPhone and, once approved, the car
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Apple Launches a New Credit Card
Apple has followed in the footsteps of Amazon with the debut of the new Apple Card. One can apply directly on their iPhone and, once approved, the car
Payments Systems and Services Bill Passed
Ghana’s parliament has passed the Payment Systems and Services bill into law. The bill is expected to significantly trigger innovation and grow
Mobilemoney Interoperability Crosses GH¢90 billion
Bank of Ghana data has shown that the total value of transactions through the mobilemoney interoperability platform was GH¢95.4 billion in September
Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
Bank of Ghana has introduced GH¢2 coins and GH¢100 and GH¢200 notes in the country’s currency denomination mix. This was announced by the Governo
8 Services You Don’t Know Exist On MTN Mobile Money
If someone told you MTN mobile money is just about sending and receiving money and cashing-out then they lied. The ubiquitous mobile money service has
MoMo Interoperability Grows by Over 350% in the first quarter of 2020
The mobile money service which allows for the seamless transfer of funds across different networks popularly referred to as the Mobile Money Interoper
The Catholic Church Launches Digital Rosary
Rosaries are wooden crosses on a string of knots or beads that Catholics use as an aid to prayer. The church in its attempt to connect to the younger
Fintechs and MoMo Operators to Acquire License by June 2020-BoG
The Bank of Ghana has said companies engaged in online or digital transactions including Mobile Money Operators and Fintechs, have up to June 2020 to
Dangers Of Large Currency Denomination Notes
Our monetary authorities have just introduced the 100 and 200 cedis note at this stage in our economic history, especially, when older and more vibran
PwC Unveils New Tool For Auditing Crypto Transactions
PwC, the world renowned consulting firm is offering a new crypto currency auditing feature as part of its Halo data auditing suite. The new tool allow
