Veep Launches Mobile Money Interoperability Next Week
Vice President Dr Mahamudu Bawumia is set to launch the mobile money interoperability system next week. This means it will be possible from next week to send mobile money from one mobile phone network to another seamlessly when the mobile money interoperability is launched. The launch to be performed by the Vice President will come as a major relief as sending money across networkshas been a major challenge to many. The mobile money interoperability is however only the first phase of a bigger project that will ensure that the public can also transfer funds from their bank accounts tomobile money networks as well as to e-zwich cards and vice versa in what is being termed the Financial Inclusion Triangle. The move by the Ghana Interbank Payment and Settlement Systems (GhIPSS), Telcos and Banks, was in response to a challenge thrown by the Vice President Dr Bawumia last year for a mobile money interoperability to become a reality in Ghana. While the original plan was to ensure that m...