From next week, it will be painless to send mobile money from one mobile network to another when the mobile money interoperability is launched on May 10.
Sending money across networks has been a major challenge ever since the introduction of mobile money in Ghana. So the launch by the Vice President on May 10 will be a major relief.
However, the mobile money interoperability is only the first move in a bigger project that will ensure that the public can also transfer funds from their bank accounts to mobile 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 Bawumia, last year, for a mobile money interoperability to become a reality in Ghana.
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Though the original plan was to enable users make mobile money transfers and transactions across the various mobile networks, what is being worked on goes far beyond that.
According to Business Ghana, Mr Archie Hesse, the Chief Executive Officer of GhIPSS, said the first phase, which was the mobile money interoperability, would go live next week Thursday, May 10, while the other two legs of the Financial Inclusion Triangle will follow.
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