Bank of Ghana has signed a partnership agreement with German IT giant, Giesecke+Devrient (G+D) to pilot Africa’s first general-purpose Central Bank Digital Currency (CBDC) also known as e-cedi in Ghana.A joint statement from the two institutions said G+D is...
Founder and CEO of McDan Group, Dr. Daniel McCauley has urged owners of small and medium scale (SMEs) companies to remain anonymous behind their businesses and allow the business to grow based on systems and structures to ensure longevity. He...
Ten (10) lucky SMEs will enjoy a full business makeover as a part of a campaign launched by MTN Business to create more awareness on how small businesses can use technology to improvement management and grow their competitiveness in...
Zeepay, Africa's leading challenger Fintech today announces the completion of its Series A.0 fundraise round, raising some US$7.9 million in total.The round, led by Investisseurs & Partenaires (I&P), was a hybrid of both equity and balance sheet funds...
The value of mobile money transactions more than doubled in the last twelve months, according to the Bank of Ghana.The total amount increased by over 155 percent from April 2020 to April 2021.Apart from a few periods of reduction...
Eli Hini has been appointed first Chief Executive Officer of MobileMoney Limited (MML) , a wholly owned subsidiary of Scancom PLC (MTN Ghana). The appointment was made by the MML Board early this month means Eli now has the sole...
A report from mobile analytics platform, App Annie indicate that in 2020, finance app downloads grew by 15% during the pandemic and mobile fintech applications outperformed banks by a factor of up to 10.8x globally.The report found that amid...
MTN MobileMoney Limited has suspended the wallets of several mobile money agents for flouting the "No ID, No Cash out" directive and allowing customers to cash out money without submitting a valid ID. Without mentioning how many merchants have been...
MTN Group President and CEO Ralph Mupita has said that the company values its mobile money (MoMo) unit, including Ghana, at between US$5 billion and $6 billion as it prepares to separate the unit from its other operations via...
CEO of MTN MobileMoney Limited, Eli Hini says they have already picked up evidence of some mobile money agents violating the "No ID, No cash out" policy and those agents will be sanctioned. "We have the evidence and we know...