MTN Momo

MTN mobile money agents caught in fraudulent activities will have their contracts terminated. Mobile money fraud is an intentional act perpetuated by scammers or fraudsters to gain undue advantage over the mobile money subscribers, mobile money operators and mobile money agents. And Mobile Money fraud on the MTN Ghana network has become so rampant it can be likened to a virus sweeping through a community. According to General Manager for Mobile Money Limited, Eli Hini, fraudulent MoMo transactions affect sustainability of businesses. He expressed this concern at the MTN Mobile Money awards ceremony held over the weekend to celebrate hardworking…

MTN Ghana recorded 53.1% growth in earnings in the third quarter of this year to GHS1.4 billion. According to its unaudited quarter three (Q3) performance, total revenue went up by 19.3% to GHS4.4 billion in the first nine months of 2020. At the same time, capital investments shot up by 1.6% to GHS875.8 million in Q3. The company attributed its headline earnings to short-term cuts in expenses and cash preservation. MTN continues to lead the telecoms market as subscribers increased by 8.7% to 23.4 million. Active data subscribers also increased by 8.3% to 9.8 million, while active Mobile Money (MoMo)…