Mobile Money customers of telecommunications giant MTN could soon earn interest on monies left in their wallets should discussions with partner banks prove successful, Ebenezer Asante, CEO MTN Ghana has announced.
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 of the service.
He said the mobile money business is regulated by the Central Bank to ensure that it is operated within the framework to safeguard customers’ interest.
ISO 27001 Certification
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.
The mobile money service in 2015 contributed six per cent of the company’s total revenue of GH¢2.23 billion.
He said the company was very optimistic of increasing the number of its MTN mobile money merchants from the current 35,000 to cover more potential customers
Source: thebftonline