MTN Ghana celebrates 10 years of MoMo

By Nana Appiah Acquaye, Accra, Ghana

As part of celebrations to mark the 10 years of Mobile Money operations in the Ghana, MTN Ghana has reiterated its commitment of seeing Ghana go full cashless in with mobile money in the near future, and using technology to bring relieve to persons without bank accounts to send money to friends and loved ones.

According to the telecommunications leaders, it also desire to provide converged telecommunications solutions to its teeming customers by venturing into grey areas such as the use mobile phone as a tool to undertake financial transactions.

Speaking during the launch of the 10th anniversary of the Mobile Money service in Accra, the General Manager in charge of Mobile Money Services Eli Hini noted that the celebration of the MTN Ghana’s 10th Anniversary of rolling out MoMo in  the country is not only to celebrate a decade of innovation and the great achievements chalked with Mobile Money, but also to trace the steps it has  taken to make MoMo service one of the most transformational technological innovations that has been introduced in this country.

“A decade down the line, MoMo has become the foremost payment system in the country and we are proud of this achievement,” he said.

Commenting on some of MTN's achievements with the implementation of MoMo in the country; Mr. Hini mentioned the payment of GHS 139 million cedis Interest to over 10 million customers between 2016 and 2018, first to received the ISO certification in Ghana’s telecommunications industry, enabled investment in Treasury Bills possible with our TBILL4ALL product in partnership with Ecobank, enabled people to make savings towards their pension through ‘My Own Pension’ service and set a world record – during the launch of MTN’s IPO as the first in world to enable people to buy shares using MoMo.

“So today as we celebrate the achievements of this great service we look at ourselves with pride and count ourselves blessed to be part of such a rich service that has changed the way people interact with their phone in this country,” he noted.

He then expressed concern about the activities of fraudsters within MoMo space and pleaded with customers to be extra vigilant in protecting their wallet.

“We still have some adoption issues especially in the area of payments. Our merchants are slow in coming on board but we believe just like the initial subscriber adoption challenges, we will surmount that also,” he assured.

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