Tag Archives: Mobile Money

Mobile Money Interoperability (MMI), a New Prospect to Grab

Mobile Money

  MMI is a service which allows direct and uninterrupted transfer of funds from one mobile money account to another across networks. It has a larger scope of incorporating all financial institutions to make bill payments, merchant payments and other financial services such as interest-bearing savings account, credit, and insurance. It will also enable mobile money users to transfer funds ...

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How Africa’s economic growth rides on wireless rails

economic growth

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs in Ghana plummeted almost 2.5 percentage points during the ...

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First digital service for ECG prepaid power launched

Cellulant

Cellulant, a multinational payments company has launched “Mula”, a payments platform that has revolutionized payments in Ghana by providing the first digital payments service for ECG prepaid. Before the launch of Mula, ECG customers needed to visit an agent nearby their home to buy power credit. This experience proved difficult and inconveniencing customers when power credit would run out sometimes ...

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Premium bank opens new branch,introduces innovative products

Premium Bank

Premium Bank brought premium banking to the people of Makola with the opening of its new branch, alongside the introduction of some of its innovative products and services; Jara, Premium CASA-Plus Account, Business Current Account and Premium Mobile, designed to cater for the individual and business needs of the market men and women. Since its launch in December 2016, Premium ...

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