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<\/p>\nFor the first time in Ghana, mobile phone users can directly transfer funds from their mobile devices into their bank accounts without physically visiting the banking hall.<\/p>\n
This service, known as BanqMoni, is an insurance-backed, aggregated platform in partnership with GT Bank, which enables anyone to deposit money into any bank account within Ghana at any time by visiting any mobile money agent.<\/p>\n
Speaking at the launch Wednesday, Chief Executive Officer of BanqMoni Limited, Nana Yaw Amoah disclosed that every transaction is insured by Loyalty Insurance Company Limited.<\/p>\n
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\u201cThis means in case of any problem your money will be refunded in less than 30 minutes after a complaint has been perused and reckoned fit for a refund,\u201d he assured.<\/p>\n
According to Nana Amoah, they \u201care in the business of making sure banks are able to mobilise the needed funds so as to help consolidate efforts in building a thriving economy.\u201d<\/p>\n
Chief Operating Officer of BanqMoni Limited, William Amoako-Nimako in his comments noted that \u201capproximately 70 percent of Ghanaians do not currently own a bank account but the percentage of active mobile money subscribers is 42% out of the 22 million registered mobile money accounts nationwide (ie. 10.5 million Ghanaians actively use mobile money).”<\/p>\n
“This is a gap that must and will be addressed by technology,\u201d he indicated.<\/p>\n
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William Amoako Nimako<\/strong> He discounted the claim by some persons that the advent of mobile money will lead to a collapse of the banking industry.<\/p>\n \u201cMobile money is not a threat but an opportunity for all industry players to expand their frontiers and achieve the desired financial inclusion,\u201d Mr Amoako-Nimako stated.<\/p>\n –<\/p>\n Source: citifmonline.com<\/p>\n","protected":false},"excerpt":{"rendered":" For the first time in Ghana, mobile phone users can directly transfer funds from their mobile devices into their bank accounts without physically visiting the banking hall. This service, known as BanqMoni, is an insurance-backed, aggregated platform in partnership with GT Bank, which enables anyone to deposit money into any bank account within Ghana at […]<\/p>\n","protected":false},"author":7,"featured_media":385662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[15636,3],"yoast_head":"\n
\nHe also stated that their goal is to turn every mobile money vendor into a ‘bank branch’ since there are only 1,300 bank branches across the nation compared to over 108,000 mobile money agents.<\/p>\n