MoMo Archives - Wontumi Online

22 Feb

Fraud Alert: ECG Cautions Clients Against MoMo Fraudsters

Wontumi1BusinessECG, Fraud, MoMo

The Electricity Company of Ghana (ECG) has advised clients to only transact business with the power distribution company through its PowerApp and offices. Speaking to JoyNews, the Volta Regional General Manager of ECG, Ms. Christina Jatoe-Kaleo explained that, her outfit does not operate a mobile money account. She therefore entreated customers not to give audience to people who would ask them to send money to ECG mobile money account to access ECG services. Source: Adomonline

30 Nov

MoMo Withdrawals To Be Limited To GH¢1k Per Transaction From Dec. 1 – Agents

Wontumi1BusinessAgents, MoMo, Vendors

Starting on Friday, December 1, Mobile Money (MoMo) agents across Ghana will enforce a temporary measure restricting cash withdrawals to a maximum of GH¢1,000 per transaction. This decision is outlined in a joint statement issued by four MoMo Associations: the Northern MoMo Agents Association of Ghana (NOMAAG), the Mobile Money Advocacy Group (MOMAG), the Mobile Money Agents Association Ghana (MMAAG), and the ABAG. The associations clarified that this temporary measure is implemented to secure fair compensation for the services provided by MoMo agents. They emphasised that this step is not intended to inconvenience customers but rather to bring attention to…

18 Mar

MTN MoMo Customers To Present ID Cards For All MoMo Cash- Out Transactions

Jackson Odom KpakpoBusinessMoMo, MTN GHANA

MTN MoMo Customers To Present ID Cards For All MoMo Cash- Out Transactions MTN MoMo has announced that effective 2nd April 2021, all MoMo customers will be required to present valid ID cards before any MoMo cash-out (withdrawal) transaction can be processed. As a result of this directive, all MoMo agents will be required to select the ID type and enter the ID card number presented by the customer before the transaction can be completed. Without a valid ID card, MoMo transactions cannot be processed. Customers are expected to present any of the following ID cards -Ghana Card, Driving License,…

07 Oct

Volume and value of MoMo transactions will keep rising – Banking Consultant

Wontumi2BusinessMoMo

A Banking consultant, Nana Otuo Acheampong, says the significant surge in the volume and value of mobile money transactions in the first 8 months of the year, should continue unabated in the last quarter of 2020. The volume and value of mobile money transactions from January to August of 2020, increased by 41 percent and 85 percent respectively, as against the 22 percent and 18 percent recorded over the same period in 2019. The first significant surge this year was seen in May, as the total amount shot up from GHS32.8 billion in April to GHS41.5 billion in May, representing…