Tuesday
July 16
2019

Bank of Ghana Asks Mobile Money Operators to Reduce the High Cost of Services

The first Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari made the revelation while speaking at MTN’s Stakeholders Meeting on Mobile Money.

He argued that the competitive pricing of mobile money services will deepen financial inclusion.

It’s been years since the roll out of the mobile money service and even though revenue margins have doubled, some concerns have been raised over the cost build up in the transfer of cash.

Photo courtesy of John O’Bryan.

Source: Business Insider Sub-Saharan Africa (link opens in a new window)

Categories
Finance
Tags
DFS, digital finance, emerging markets, financial inclusion, financial services, fintech, mobile money, MTN