Banks to launch a “bank-wide momo” wallet in December, says Bawumia
The vice-president says the move will bring about healthy competition which should result in lower charges for money transfers
All banks in Ghana will from December this year launch a “bank-wide momo wallet” that will be available to customers and non-customers through a mobile app, Vice-President Dr Mahamudu Bawumia has said.
He said it will be similar to other mobile money apps from Vodafone, Airtel TiGo and MTN.
The vice-president was speaking on digitalisation and the government’s Digital Agenda at Ashesi University on Tuesday (2 November 2021).
Dr Bawumia said: “You will be able to move money from any bank or momo account into this wallet and you can also generate your personal QR code from this bank-wide app.
“I think this will bring about a healthy competition between the mobile money service providers and the banks which should result in lower charges for money transfers.”
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