MTN Mobile Money becomes leading money transfer method for Ghanians abroad

MTN Mobile Money officials recently said  that its money transfer services are becoming the preferred transfer method of Ghanians living in the U.K., U.S., Australia and other countries.

According the World Bank, Ghanaians living abroad send home more than $2 billion each year, creating a major industry around international wireless money transfers. Through MTN's Mobile Money, customers are able to send instant, low-fee transfers.

"WorldRemit’s service extends the usefulness of mobile money beyond our borders to reach the entire global Ghanaian community," MTN's General Manager of Mobile Financial Service Eli Hini said. "With more than 40,000 of our agent points and more than 600 Partner bank ATMs across Ghana, the service can be enjoyed by all MTN Mobile Money customers. It is instant, totally secured and very convenient."

MTN Mobile Money officials said the ability to send instant transfers has changed the way Ghanians living abroad interact with their finances and their friends and family back home by making it possible to send smaller amounts of money more often. The average WorldRemit user transfers funds three times per month.