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30.04.2019 Business & Finance

MTN Pays Over 17.1m Interest To MoMo Subscribers For Q1 2019

Staff Writer
Business MTN Pays Over 17.1m Interest To MoMo Subscribers For Q1 2019
APR 30, 2019 BUSINESS & FINANCE

MTN Ghana has commenced payment ¢17.1 million to 10,630 175 customers as interest earned for quarter 1, 2019.

This brings to over GHc156.2 Million in interest paid to Mobile Money customers from the inception of interest payment in 2016 to March 2019.

The payment, which hit subscribers’ wallets from April 28, 2019, was done in collaboration with the 17 partner banks of MTN Mobile Money.

Commenting on the interest payment for the first quarter of 2019, the General Manager for MTN Mobile Financial Services, Eli Hini said, “MTN’s consistent honouring of interest payments attest to our commitment in ensuring that customers of MTN Mobile Money enjoy the full benefits of the service.”

Mr Hini urged all Mobile Money subscribers to cultivate the habit of keeping money in their wallets for their daily transactions whilst enjoying interest instead of keeping cash with its associated risk.

“Keeping money in your wallet helps you to accrue more interest,” he added.

MTN Mobile Money subscribers are continuously cautioned to be vigilant and wary of fraudsters. MTN has a robust governance structure in place that safeguards the data and privacy of its customers and MTN Mobile Money service is committed to providing the highest level of security to protect its users.

MTN Mobile Money service is ISO 27001 certified and has over 10 million active users with over 115,000 active agents and 5000 canvassers as well as over 67,000 merchant points across the country.

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