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Mobile Money Solutions for Ghana

MOBILE MONEY SOLUTIONS FOR GHANA 7.4% expected economic growth in 2014 Located on the gulf coast of Africa, Ghana has one of the fastest growing populations and economies on the continent. Limited to relatively few people: more than half of Ghanaians are excluded from formal financial services, including savings and microcredit. Visa, CARE, Fidelity Bank and MTN Ghana are working to make these services accessible to Ghanaians today. 25 M GHANA'S VILLAGE SAVINGS & LOAN ASSOCIATION PROGRAM LAUNCHED IN 1991 WHO USES FORMAL BANKING IN GHANA?* population 13% of women 17% of 15-29 year olds 1,900 ........................-.. groups N - 100 GROUPS 30 tti теmbers each = 10 MEMBERS 1(one) community box to collect, save and loan money 70% of residents don't use formal banking services Source for this data is on page 80 of "Africa Development Research Series: Ghana." WORKING TOGETHER TO SERVE GHANA’S UNBANKED VISA Fidelity care MTN BANK DIGITAL WALLET TECHNOLOGY OVER MOBILE NETWORKS BRINGS FINANCIAL SERVICES TO THE MOBILE DEVICES OF UNBANKED GHANAIANS 24.4 M mobile devices almost every Ghanaian has a mobile device APPLICATION PROCESS FOR VSLA GROUPS AND INDIVIDUALS =1M FIDELITY'S SMART MOBILE WALLET ENABLES ACCOUNT HOLDERS TO USE MOBILE DEVICES ON MTN'S MOBILE NETWORK TO: Group leader/individual Only one form of ID required Pay bills Transfer money Deposit and withdraw funds Thumbprint and picture taken Data sent to home office for processing Access over 7,000 agents nationwide Request account statements Approval received via SMS MEMBERS PAY INTO ACCOUNT The whole process takes 5 minutes PIN** S I.. Cash (Group membèrs only) On mobile phones At POS terminals Sources: http://www.youtube.com/watch?v=36WtDvifVIYOfeature=youtu.be This message was brought to you by VISA II

Mobile Money Solutions for Ghana

shared by Angelina on Nov 02
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Located on the gulf coast of Africa, Ghana has one of the fastest growing populations and economies on the continent. Limited to relatively few people: more than half of Ghanaians are excluded from fo...

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Economy
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