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Mobile Money transactions across networks see a major boost after first week of operation

Ebo Hinson by Ebo Hinson
May 21, 2018 - Updated on October 1, 2020
in Lifestyle
mobile money interoperability

According to the Ghana News Agency, about 23,000 transactions worth GH¢1.8 million have been done via mobile money interoperability platform since the launch on May 10.

These figures only represent customers who successfully sent out money to other mobile money users on other networks via the switch between May 10 and May 15.

Even though various controversies have surrounded the mobile money interoperability system, it has now allowed users to send money across all mobile networks and banks seamlessly.


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Mr Archie Hesse, the Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GHiPSS), said GhIPSS quest to drive financial inclusion and reduce reliance on cash was at the centre of its businesses.

Vice President Dr Mahamudu Bawumia launched the first phase of the mobile money interoperability system on the 10 of this month.

The mobile money interoperability, which will be managed by the Ghana Interbank Payment and Settlement Systems (GhIPSS), will enhance financial inclusion as the country’s payment system is formalised to make electronic payments easier.

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Ebo Hinson

Ebo Hinson

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