1. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
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  4. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
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  8. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  9. GCB Bank To Issue Electronic Money
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  11. Google to Offer Checking Account
  12. Mobilemoney Interoperability Crosses GH¢90 billion
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  14. AirtelTigo Appoints New CEO
  15. Wirecard Acquires Chinese Payments Group for €109m
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  23. PwC Unveils New Tool For Auditing Crypto Transactions
  24. Bitcoin on Track For Best Second Quarter Price Gain
  25. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  26. Facebook Moves Towards Payments and E-commerce
  27. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  28. India Moves to Ban Cryptocurrencies
  29. Fintech: Redefining Payments in Africa
  30. Ghana’s Tax Filing To Go Digital
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  32. Apple Launches a New Credit Card
  33. IT Consortium Is ISO 27001:2013 certified
  34. 8 Services You Don’t Know Exist On MTN Mobile Money
  35. Second phase of mobile money interoperability launched
  36. African Banks Must Work With Fintech Startups
Tuesday, February 18, 2020
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  1. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
  2. Alibaba Extends $3B Loans to Coronavirus-Affected Firms
  3. ECG Prepaid Payments Goes Digital With Mobile App
  4. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
  5. Ghana’s Payment System Is Challenged-Kweku Adoboli
  6. Dangers Of Large Currency Denomination Notes
  7. Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
  8. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  9. GCB Bank To Issue Electronic Money
  10. Digitization Key to Formalizing Ghana’s Economy
  11. Google to Offer Checking Account
  12. Mobilemoney Interoperability Crosses GH¢90 billion
  13. Ghana to Launch a Universal QR-Code For Payments
  14. AirtelTigo Appoints New CEO
  15. Wirecard Acquires Chinese Payments Group for €109m
  16. Apple Pay Tops Mobile Payment Apps
  17. Verve Cards Launched in Ghana
  18. Ransomware Hits Billtrust
  19. The Catholic Church Launches Digital Rosary
  20. Payments Systems and Services Bill Passed
  21. GTBank Launches Virtual Cards to Promote Online Shopping
  22. MTN Ghana: “More Taxes Would Injure The Mobile Money Sector
  23. PwC Unveils New Tool For Auditing Crypto Transactions
  24. Bitcoin on Track For Best Second Quarter Price Gain
  25. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  26. Facebook Moves Towards Payments and E-commerce
  27. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  28. India Moves to Ban Cryptocurrencies
  29. Fintech: Redefining Payments in Africa
  30. Ghana’s Tax Filing To Go Digital
  31. MTN Deepens Financial Inclusion For Women In Ghana
  32. Apple Launches a New Credit Card
  33. IT Consortium Is ISO 27001:2013 certified
  34. 8 Services You Don’t Know Exist On MTN Mobile Money
  35. Second phase of mobile money interoperability launched
  36. African Banks Must Work With Fintech Startups

The Bank of Ghana (B.O.G) has hinted a soon to be announced new minimum capital requirement for interested persons and institutions eyeing the mobile money operations (MoMo).

Ghana’s banking sector regulator explained that existing MoMo operators will be given some time to meet the new capital requirement. New operators on the other hand will be required to meet the new minimum capital requirement before operations.

This intended move by the bank of Ghana comes on the back of increased in value of transactions on the MoMo platform. And the dwindled confidence of some Ghanaians in the country’s financial institutions, thus the need to safeguard citizens funds.

The Head of Payment Systems at the Bank of Ghana, Dr. Settor Amedeku speaking at the Business and Financial Times’ Ghana Most Respectable CEOs meeting in Accra, hinted of B.O.G governor’s intention to launch the initiative before the end of the year.
“very soon we will announce the amount to be paid but this is a process to ensure maximum regulation and security of the business for stakeholders and the people of Ghana.”

Dr. Amedeku also added that “the banks that also want to do mobile money must set up a separate subsidiary to do the electronic transactions and have to be capitalised as a guarantee to ensure that you’re fit and proper to carry on any transaction of electronic money.”

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