Tuesday, April 15, 2008

Cellphone-based text-n-Pay comes to Ghana

From ModernGhana.com:

The new technology, is a mobile phone secured payment system, which allows users to send money to anyone with a mobile phone, pay bills, and buy pre paid airtime, and check bank account balance and purchasing of goods and services.

Speaking at the launch of the txtnpay, Dr. David O. Andah Executive Secretary of Ghana Micro finance Institutions Network (GMIN) made some observations, he noted that, txtnpay is a good service for the rural areas and also for the informal sector, simply because the use of mobile phones can be found in several part of the country.

The Executive Secretary of GMIN noted that, the introduction of the txtnpay and e-Zwitch would be deepening the micro finance services by providing the services faster to micro- entrepreneurs and the deprived and marginalized people in the rural areas.

“In terms of banking technology, mobile phone banking is very new and young as such not much has developed for its regulatory framework”, he said.

1 comment:

calling rates to Ghana said...

Enjoyed reading post on your blog.!