The Vice President, Dr Mahamudu Bawumia has launched Phase Two of the Mobile Money Interoperability platform in Accra.
The launch of Phase two of the Interoperability platform concludes the Financial Inclusion Triangle, and ensures universal interoperability, making Ghana one of the few countries in the world to attain this feat.
Phase One of the project, launched on May 10th, 2018 saw the interconnection of the mobile money platforms and the Ghana National Switch (gh-link system), but not the E-zwich Payment Systems. This allowed users to make payments from Mobile Money wallets to bank accounts, and vice versa. It also allowed the transfer of funds between the various mobile money services provided by the telecom companies.
The second phase has completed the interconnection between Mobile Money and the e-zwich Payment Systems. Thus, the interconnection of mobile money and e-zwichplatforms, to the gh-link platform means customers can conveniently move funds across all three platforms: bank accounts, Mobile Money wallets and the e-zwich payment systems.