MTN customers to enjoy free MoMo transfers up to GHc100 for 3 more months

- MTN Ghana has announced it will extend the waiver of the charge on Mobile Money transactions, which are valued at GHc100 and below

- In March, the company announced a 3-month suspension of the charge on the same volume of transactions

- The decision forms part of strategies to encourage electronic transactions

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Telecommunications company, MTN Ghana, has announced an extension of the waiver on Mobile Money transfers up to GHc100 for three more months.

Information available shows that the offer, which is for on-net transfers, lasts until 30 September.

In March, MTN Ghana announced the cancellation of charges on transfers up to GHc100.

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YEN.com.gh understands it formed part of measures to encourage cashless transactions following the outbreak of the coronavirus.

Per a report by citibusinessnews.com, transactions on interoperability, however, attract the normal charges.

The company also revealed that it revised the limits on daily transactions and wallet balances on its MoMo offer would remain the same, as approved by the Bank of Ghana (BoG) in March.

MTN Ghana also took the opportunity to caution its customers with respect to the activities of fraudsters.

It revealed that fraudsters and scammers would take advantage of every opportunity to defraud customers, so customers should be vigilant.

In other news, Fidelity Bank recorded a profit of GHc322 million for the 2019/2020 financial year.

This is a 33% increase compared to the GHc242 million it earned in the preceding year.

Over the course of its 2020 Annual General Meeting (AGM) that was conducted via a virtual platform, its shareholders received and adopted the reports of directors.

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Source: YEN.com.gh