Thursday
June 16
2016

Telcos in Ghana to begin interest payments to mobile money subscribers

Mobile money subscribers can now expect interests on their mobile money deposits as telecommunication companies will soon begin to pay interests to mobile money subscribers as banks take steps to pay interests to the telcos.

Some telecommunication companies are concluding moves to pay interests to their various subscribers once the Bank of Ghana directs on how the payments must be done.

Source: Pulse (link opens in a new window)

Categories
Uncategorized
Tags
banking, digital payments, financial inclusion, mobile banking, mobile finance, mobile money, regulations