MTN MoMo @10: Stakeholders honoured

mtn momo Ghana’s leading telecommunications company, MTN Ghana has taken another giant step by climaxing the 10th-anniversary celebration of its Mobile Money (MoMo) service in Accra.

The celebration which was held in a grand-style was also aimed at honouring the stakeholders for their contribution towards the progress of the service.

Speaking at the event, the Chief Executive Officer of MTN Ghana Limited, Mr Selorm Adadevoh, noted that the MoMo service has enhanced financial inclusion, economic growth, and accelerated development by creating jobs for people.

Stressing that the government to join forces with stakeholders to develop strategies that would leverage the power of MoMo to recapitalise economic potential growth

This he said, MTN is ready to support the government’s agenda to digitise the economy, such as the ‘government to people and people to government form of payment’.

Mr Eli Hini, the General Manager of MTN MoMo, noted that MTN Ghana needed a committed leadership and workers to sustain MoMo when it was launched in July 21, 2009.

“From less than 100,000 subscribers after 6months of launch, our registered subscriber numbers have reached the 14million milestone over this 10-year period. We started with 9 partner banks and now we have 18 partner banks, with the 19th on the way.

As at the end of November this year, we had over 140,000 active Mobile Money agents. We also have over 5000 mobile agents/canvassers. Some of these agents and canvassers, prior to the introduction of MoMo had no meaningful employments.

With the increase in numbers came the change in Technology partners. From Fundamo we “ported” to Ericsson seamlessly in Oct 2015 and got our ISO accreditation in the first quarter of 2016, the first in the industry.

A decade down the line, MoMo has become the foremost financial Services platform in the country. We are proud of this achievement,” he explained.

Today we are here to appreciate the stakeholders with citations and plaques for their contribution towards the success of the service.The categories for the awards were; ‘Pioneering Momo Partner Banks’ – Fidelity Bank, Ecobank, Cal Bank, GT Bank, Access Bank, Zenith Bank, UBA, UMB, and Stanbic Bank.Barclay’s Bank, Republic Bank, and First Atlantic Bank were adjudged as ‘Emerging Partner Banks with Great Impact”, while Fidelity Bank was also honoured as the ‘MoMo Partner Bank Frontrunner’.Other categories were; the ‘MoMo Fintech Pioneer’ – IT Consortium, and CoreNett Limited, and ‘Emerging and Innovative Fintech Partner’ – ‘appsNmobile Solutions’.miLife Insurance, was honoured with the […]

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