A comparative analysis of rates between G-Money and the three other mobile money service providers in Ghana show that G-Money currently stands tall with the best Peer to Peer (P2P), Cash Out and Mobile Money Interoperability (MMI) rates on the market.
This is according to the Managing Director of the GCB Bank, Anselm Ray Sowah.
He stated that G-Money has the lowest P2P rate of 50pesewas which is a flat fee for all transactions below 999.99 cedis.
It also charges a flat fee of 1 cedi for transactions worth 1,000 cedis and above, while other competitors charge as much as 10 cedis per
He also stated that, ‘the rationale behind our unbeatable rates is to encourage our customers and all Ghanaians to go cashless with G-money and limit their exposure to bank notes to promote both digital financial inclusion and avoid physical contact in this COVID-19 season.”
On the Mobile Money Interoperability (MMI), the analysis showe