MTN Mobile Money Customers Could Soon Earn Interest

Tuesday, March 15, 2016

Speaking at the company’s annual media forum to interact with editors and stakeholders, Mr. Asante said discussions were already underway with partner banks to set the modalities on how much interest to be paid and the criteria for qualification to earn an interest.

There are currently about six million MTN mobile money users, necessitating the creation of a subsidiary to handle the increasing demand on the service.

He said the mobile money business was being regulated by the Central Bank to ensure that it operated within the framework to safeguard customers’ interest.

Mr Asante said MTN had acquired ISO 27001 certification for its mobile money transaction platform, the only company to achieve that feat in Ghana, to give confidence to the service subscribers.

Source: News Ghana (link opens in a new window)