Skip to main content

Xpress Money and MTN partner to offer mobile remittances in Ghana



MTN Ghana has partnered Xpress Money to offer Ghanaians abroad the opportunity to send or transfer money directly into the Mobile Wallets of registered MTN Mobile Money users in the country.

The mobile wallet service to Ghana will be launched from UAE, KSA, Kuwait, and Qatar in the GCC.

Xpress Money is the first money transfer operator to offer this cash to mobile service for Ghana from the GCC region.

Apart from the GCC, the service will also go live from countries such as Jordan, Australia, UK and Canada. This service will offer one of the most convenient and safe ways to receive money for Xpress Money customers.

Xpress Money will look to expand this mobile wallet service for Ghana from other countries in its network, by the end of this year. The global money transfer operator had launched a similar service in Kenya in 2014, in association with m-Pesa.

Commenting on the partnership, Sudhesh Giriyan, COO – Xpress Money said, “Africa has been at the forefront of remittance related innovations and we have been very focused on offering the same to our customers across the continent. We are very happy to join hands with MTN who have championed the Mobile Wallet segment, and believe that this service will take convenience to the next level for our customers receiving money in Ghana.”

Speaking about the partnership, Eli Hini, Commercial Senior Manager, MTN Mobile Money, said “MTN Ghana is excited to be leading innovations in the mobile wallets segment in Ghana with the launch of a service that makes Ghanaians living abroad feel even closer to their family and friends. The service can be enjoyed by all registered MTN Ghana Mobile Money customers and is instant, totally secured and very convenient.” 

As part of the service, a customer can send up to US$1500 in a month and up to US$500 can be sent per transaction. To make use of the mobile wallet service, beneficiaries in Ghana need to be registered with MTN Mobile Money service. Beneficiaries do not require a bank account in Ghana to receive money. The money is transferred directly onto the Mobile Money wallet.

“There are over 1.75 billion smart phone users in the world today and a recent transparency market research stated that the global increase in smartphone penetration will boost the value of the mobile wallet market to USD 1,602.4 billion by 2018. With service offerings such as these, we are ready to tap into the tremendous potential of the mobile wallet segment for remittances” added Giriyan.

Mobile Money is a fast, convenient, secure and affordable way of performing cash transactions using a mobile phone. MTN Mobile Money was launched in Ghana in July 2009 in partnership with 10 banks. Funds in the MTN Mobile Wallet can be used to transfer money, top up MTN airtime, pay bills (DStv, ECG, MTN Post Paid Bills), pay for airline tickets, pay insurance premiums as well as pay for other goods and services. 

Comments

Popular posts from this blog

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…

Tigo donates 540 tablet phones Death and Birth Registry

By: Sarpongs.blogspot.com 
Tigo Ghana has presented 540 tablets phones with internet connectivity to the Births and Deaths Registry (BDR) for the pilot phase of the automated birth registration programme.
This form parts of Tigo’s strategic focus to accelerate birth registration in Ghana through mobile technology. Tigo in partnership with UNICEF is providing this technology platform.
A statement from Tigo stated that the tablets will allow birth registration attendants from the Births and Deaths Registry to electronically capture details of all new births in 300 communities across Ghana.
The automated birth registration programme which was launched in May this year, is expected to make a significant contribution to an improved national average registration rate, an increase from 65 percent of all children under age one to at least 75 percent by the end of 2017.
According to Tigo, a successful pilot will also contribute to progress under Ghana’s National Civil Registration and Vital Statist…

Vodafone fined a record £4.6 million for IT blunder

A top-up error left pay-as-you-go customers out of pocket and complaints were mishandled
Vodafone has been fined a record £4.6 million by the telecoms watchdog forleaving thousands of customers out of pocket in a disastrous IT blunder.
Ofcom found that the operator mishandled complaints and failed to pay into the accounts of more than 10,000 pay-as-you-go customers when they topped up their credit.
The top-up error, which cost customers £150,000 over 17 months in 2014 and 2015, stemmed from the moving of 28.5 million accounts to a new billing system.Errors in billing data and price plans caused so much protest that it made Vodafone the most complained-about mobile network in Britain.The technical issues were resolved by April 2015 and all accounts are now on the new system, Vodafone said.
Lindsey Fussell, Ofcom’s consumer group director, said:“Vodafone’s failings were serious and unacceptable, and these fines send a clear warning to all telecoms companies.”
The company says that it has ref…