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Category: FinTech

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BoG putting in strategy to combat fraud in E-payments and Mobile Money
FinTechTech News

BoG putting in strategy to combat fraud in E-payments and Mobile Money

by Shepherd Yaw MortteyJune 11, 2018March 18, 2021

The Bank of Ghana (BoG) has said that it is working tirelessly this month to stop fraud-related activities in the country’s payment systems. The First Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari, told…

More People are using Mobile Money to pay for retail services
FinTechTech News

More People are using Mobile Money to pay for retail services

by MfidieJune 10, 2018June 10, 2018

The value of retail payments (excluding cash) increased by 43.18 per cent to GH¢381.43 billion in 2017 from GH¢266.39 billion in 2016. This growth in the value electronic retail payments for the year under review,…

Non-Compliant Fintechs in Ghana To Lose Licenses soon
FinTech

Non-Compliant Fintechs in Ghana To Lose Licenses soon

by Shepherd Yaw MortteyJune 9, 2018

The Bank of Ghana will revoke the license of any financial technology company that fails to comply with regulatory requirements outlined in the new payment systems and services bill. The FinTechs are expected to be…

The best way to buy MTN Shares in Ghana and Make Profit
FinTech

The best way to buy MTN Shares in Ghana and Make Profit

by MfidieJune 7, 2018July 28, 2018

The largest telecom operator, MTN, has launched an Initial Public Offer aimed at raising 3.47 billion cedis from shares. Every Ghanaian has the opportunity to own shares in the company. Priced at GHC 0.75 per…

2018 Ghana Information, Technology & Telecom Awards to focus on FinTech
FinTechTech News

2018 Ghana Information, Technology & Telecom Awards to focus on FinTech

by MfidieMay 21, 2018May 22, 2018

The 2018 Ghana Information, Technology & Telecom Awards in its 8th year is set to honour leading players in the Fintech industry. The emergence of Fintech in Ghana has sparked a tremendous increase in domestic…

Ghanaians Sign On To MTN Mobile Money To Make Pension Contributions
FinTechTech News

Ghanaians Sign On To MTN Mobile Money To Make Pension Contributions

by MfidieMay 11, 2018June 10, 2018

Close to 100,000 Ghanaians have subscribed to making personal pension contributions through MTN Mobile Money and United Pensions Trust’s personal pension scheme dubbed ‘My Own Pension’. With over 80 per cent of Ghana’s labour force…

Mobile Money Interoperability: What it means and what you should know
FinTech

Mobile Money Interoperability: What it means and what you should know

by Shepherd Yaw MortteyMay 10, 2018May 11, 2018

Today, the Vice President Dr Mahamudu Bawumia has launched the first mobile money payments interoperability system in Ghana. Interoperability is the ability for customers to undertake money transfers between two accounts at different mobile money companies or to…

Long Overdue: Ghana to be fully Paypal-compliant by 2020
FinTechFor Ghanaians

Long Overdue: Ghana to be fully Paypal-compliant by 2020

by MfidieMay 10, 2018May 12, 2018

Ghana has concluded discussions with renowned online payments system Paypal and will, therefore, if all goes well, become one of the Paypal-compliant countries soon, Vice President Dr Mahamudu Bawumia has announced. The Vice President made…

MTN introducing Mobile Money “ATMs” in Ghana soon
FinTechMTNTech News

MTN introducing Mobile Money “ATMs” in Ghana soon

by MfidieApril 25, 2018July 1, 2018

Telecoms giant, MTN is working to deploy machines that could take deposits and dispense cash for its mobile money business. JoyBusiness has gathered that MTN has already secured the self-servicing kiosk, but with limited functions…

2018 Ecobank Fintech Challenge for Startups: All you need to know
FinTechStartups

2018 Ecobank Fintech Challenge for Startups: All you need to know

by MfidieApril 21, 2018April 18, 2022

Is your fintech startup ready to work with one of Africa’s biggest banks, one with operations across 36 countries on the continent? Then you have until 23 May to apply for the 2018 Ecobank Fintech Challenge. The challenge…

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