MTN Momo

27 Jun

MTN Suspends Decision To Increase MoMo Cash-Out Fees From July 1

wontumionlineBusinessMTN Momo

Mobile telecommunication leaders MTN have suspended the decision to increase Mobile Money fees. The decision, which will see a 1% charge on transactions up to GH¢2,000 and a flat rate of GH¢20 for transactions above, was to take effect from Saturday, July 1. But the telecommunication giants say the decision has been put on hold indefinitely. “The panned review of cash-out fees for MoMo, scheduled for July 1, 2023, has been put on hold until further notice,” MTN Ghana said on Monday, June 26. “The current cash out fee of GH¢10 still applies and will be charged to your wallet.…

06 Jan

MoMo Transaction Limits Increased To Enhance Customer Experience

wontumionlineBusiness, NewsMTN Momo, Transaction limit

MTN MoMo has implemented the Bank of Ghana (BoG) approved an increase in daily and monthly transaction limits as well as maximum wallet balances. The wallet transaction limit increase will facilitate efficient payments, encourage a greater seamless transition into a cash-lite society and promote more digital payments. Customers with Daily Transaction Limits of ¢1,000, ¢5,000 and ¢10,000 have had their limits increased to ¢2,000, ¢10,000 and ¢15,000 respectively. Additionally, account balance limits of ¢2,000, ¢15,000 and ¢30,000 have been increased to ¢3,000, ¢30,000 and ¢50,000 respectively. Further to these increases, monthly transaction limits for customers with Medium and Enhanced KYC…