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Ghana: MTN and Ericsson launch new Mobile Money API to speed up financial inclusion

Wednesday, 18 September 2019 13:32
Ghana: MTN and Ericsson launch new Mobile Money API to speed up financial inclusion

(Ecofin Agency) - Mobile operator MTN Ghana partners with Ericsson Wallet Platform to open an Access Programming Interface (API) that will allow entrepreneurs to develop income-generating apps.
With this strategy, MTN wants to introduce new services payable via Mobile Money, and subsequently contribute to further financial inclusion in Ghana. MTN also sees in this strategy an opportunity to expand its services and earn more profit.
According to Eli Hini, Head of Mobile Financial Services at MTN, “mobile financial services are a global game-changer with an open money network being the connection needed between the financial industry and telecom to increase both commercial and social benefits.” 
“Our open API platform will create a new type of ecosystem that is open for everyone to join to accelerate mobile financial services innovation and change the future of payments,” he added.
For Fadi Pharaon, CEO of Ericsson Middle East and Africa, “the ease to send, spend and receive money using a mobile phone is becoming an essential part of people’s lives. Our new partnership with MTN in Ghana aims to develop a more open, easy and accessible mobile money network.”





 
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