Free transfer of GHC100 and below saves customers GHC94 million – MTN

MTN MoMo holds an estimated 93% market share in Ghana

MTN Ghana has revealed that the decision to remove all charges on cash transfer below GH¢100 in the midst of the COVID-19 outbreak saved its customers over GH¢94 million in fees.

The company in its 2020 financial report said the move did not only bring financial relief to customers but also helped maintain social distancing.

“From March 2020 we zero-rated all Mobile Money P2P (person-to-person) transfers up to a value of GH¢100 per day. We are pleased that the removal of charges for this category of transactions did not only save our customers over GH¢94 million in fees, but also facilitated greater social distancing and deepened financial inclusion to increase the adoption of digital currency,” the report said.

In addition, the company said the MTN Ghana Foundation donated GH¢5 million worth of personal protective equipment (PPE) and other essentials to the government’s COVID-19 Trust Fund for onward distribution to frontline medical workers.

“We also deployed PPEs and sanitizers as well as ensured the adherence to all COVID-19 safety protocols across our branch network and offices. We continue to prioritize the safety of our customers and our people”.


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