Accra, Ghana, March 19, 2020//-MTN MoMo has implemented more incentives approved by the Bank of Ghana (BoG) to enable customers adopt mobile money (MoMo) for financial transactions to minimize the risk posed by cash handling.
The incentives will take effect from 20th March and will end after three months. MTN MoMo customers can send money transfers values up to GHS100 daily to MoMo wallets and other networks for free.
In addition to this, the daily transaction and wallet limits have been increased to create more convenience for customers.
Customers with daily transaction limits of GHS300 can now transact with an amount of GHS1000, whereas limits of GHS2000 and GHS5000 have been increased to GHS5,000 and GHS10, 000 respectively.
Also, wallet limits and balances have been revised. Customers with limits of GHS1,000, GHS 10,000 and GHS 20,000 have been increased toGHS2000, GHS15, 000 and GHS 30,000 respectively.
Again, to create more convenience for customers to transact with high values, there has been an Increase in the monthly aggregated value of transactions for customers with limits of GHS3, 000 to GHS6, 000. Monthly limits of GHS20,000 and GHS 50,000 will now have unlimited access.
Additionally, MTN MoMo would put in place measures to allow customers who do not have the requirements to have access to MoMo service to do so and enjoy the convenience of cashless transactions on MTN MoMo.
The General Manager for MTN Mobile Financial Services, Eli Hini expressed his appreciation to the BoG for demonstrating its commitment to use technology as a means to reduce cash transactions in the economy.
He called on all customers to take advantage of incentives, enjoy the convenience of financial intermediation via MTN MoMo and reduce person to person interaction in this period of managing the spread of COVID-19 pandemic
Mr Hini also cautioned customers to be aware of scammers and fraudsters and reiterated the three Golden Rules for mobile money.
These he mentioned are- customers must not disclose their PIN codes; they must not allow others to make transactions on their behalf; and they must not entertain calls to discuss their wallets or respond to promotions they have not participated in.
Mr Hini also encouraged customers to crosscheck with MTN to verify any details before they take any action on their MoMo wallet.
It is important to note that no fraud on MTN MoMo will be successful without the active participation of the customer, according to him.
MTN remains committed to making the lives of our customers a whole lot brighter through the delivery of bold new digital services to our customers.
African Eye Report
