On Thursday, August 5th, MTN MoMo month 2021 was started with the theme “consolidating digital payments for economic development.”
The ninth edition was launched at MTN Ghana’s Ridge headquarters in Accra.
Ruth Badu, Senior Manager: Operations and Service Delivery at Mobile Money Limited, spoke about the necessity of digital payment in her welcome address, especially at a time when the globe is grappling with the Covid-19 crisis. She mentioned the perils of having cash on one’s person to pay for services in today’s world.
Eli Hinneh, CEO of Mobile Money Limited, praised the partners, including fintech platforms, banks, and MoMo agents, as well as the media, for their contributions in getting MTN MoMo to this point.
With the popularity and rise of e-commerce in today’s world, it’s a foregone conclusion that digital payment systems will take center stage in the future.
He asked all shops to join the push for digital transactions and make it easier for people to use them in the country.
Regarding fraud, Eli Hinneh stated that the threat has been greatly decreased as a result of a coordinated effort by telecom players and other stakeholders — making it harder to obtain sim cards without legitimate IDs and disconnecting phones — making fraud a costly endeavor to pursue.
MTN MoMo has come up with innovative solutions — such as the MoMo business platform — that provide businesses a smarter means of processing transactions, giving them an edge over competitors, in order to extend the gains earned thus far in building Ghana’s digital payment ecosystem.
In keeping with its goal of being a user-friendly platform, MoMo can also be accessible through QR code and the MoMo app, both of which are geared for customers who don’t want to utilize the USSD method to complete payments.
After his speech, he announced MoMo Month 2021 to be officially inaugurated.
Abdul-Majeed Rufai… Senior Manager, Commercial of Mobile Money Limited discussed the events planned for MTN MoMo Month 2021, which include a stakeholder meeting – a key way to influence policy decisions.
There will also be community participation to build on the progress done so far in consumer protection education. Such activities and drives will be directed at vulnerable people.
Top-performing agents will be rewarded this year with three (3) SUVs up for grabs, as well as motorcycles and security cameras to assist identify persons who visit their stalls.
With laptops and tablets to be given out to ease payments, merchants will not be left out.
Consumers, of course, must not be overlooked. Customers of MoMo may expect a lot of gifts throughout the month. The MoMo platform encourages its users to follow the company’s social media pages.
MTN launched Mobile Money into the Ghanaian financial services environment in 2009, and the product has proven to be an industry leader in the mobile payments sector, becoming the platform of choice for many consumers in the years thereafter.
MoMo Month has played an important role in the service’s growth throughout the years, and when MTN celebrates its 25th anniversary in Ghana in 2021, it hopes to build on its progress toward its goal of becoming the continent’s largest transaction platform.