“If a report is made and we identify that this number is perpetuating fraud, failure to deal with it by the telco, after we have informed you of this, will result in daily pecuniary fines,” he warned.
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Per the report, the total transaction value under direct debit through Automated Clearing House (ACH) declined to GHS 208.0 million from GHS 258.7 million—the number of transactions reduced from 74,000 to 48,000.
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The data also revealed that total mobile money transactions surged consistently from January 2023 to December 2023. All the 12 months recorded more than GH¢100 billion respectively.
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With about 14 million active Mobile Money users as of June this year, MTN’s Mobile Money Limited strategy is to adopt more innovative ways of pricing that safeguard the businesses and help the company grow some more volumes of the 22.1 million active Mobile Money users.
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