We all know how MTN came up with a local and simplified way of banking by introducing the MTN Mobile Money.
They are back to reward their Mobile Money users with a new offer.
They will be giving out loans to their customers on Mobile Money.
According to Eli Hini, MTN’s general manager for mobile financial services, the latest addition, which is expected to be rolled out in 2017, is especially targeted at Ghana’s small and medium scale enterprises (SMEs).
“We have micro-lending which is one of our undertakings for 2017. A lot of micro credits that people can access for short to medium term”, he said.
Competitors, Airtel had earlier started a similar scheme but had to halted it in order to meet demands by regulators.