May 29, 2020 All Things Fintech in Africa

MTN in a Partnership with Ericsson has launched an Open API platform in Ghana

 

Introduction

MTN mobile money fondly known as MOMO has expanded to Ghana. The open API platform launched is to give business owners a chance to develop revenue-generating applications.

What is MTN mobile money?

MTN mobile money is a digital service which lets its users to send and receive money on their wallet. They can also pay a couple of transactions and make payments with just a mobile phone serviced by MTN.  It is a convenient way to do online transactions and is also very affordable.

How it works?

The MTN mobile money stores user’s funds in a actual digital account to linked to a mobile number.  But it has to a mobile number registered with MTN mobile money.

MTN mobile money wallet holders can be used in several ways. With an MTN mobile money wallet one can:

  • Receive and store money.
  • Send money to other MTN mobile user – registered on mobile money or not.
  • Send money to any other local networks.
  • Withdraw cash at any authorized MTN Mobile Money agent.
  • Top-up MTN airtime.
  • Pay bills Buy and pay for insurance.
  • Pay salaries, airline tickets, school fees and other services.

      The Open API– MTN and Ericsson

Under the new partnership, MTN will grant access to third parties to its Mobile Money Access Programming Interface (API) which is powered by Ericsson Wallet Platform. The open API platform will give developers and programmers free access to MTN mobile money proprietary software platform. They create products around easy payment options and leverage the MTN clients registered on mobile money.

The new open API platform will create a new type of ecosystem which everyone can have access to.  And help in accelerating the future of mobile payments.

The online system also allows developers to test their products before going live, by using a sandbox available on the website at no additional cost.

In statement, Fadi Pharaon, President of Ericsson Middle East and Africa says:.

“Our new partnership with MTN in Ghana aims to develop a more open, easy and accessible mobile money network. Ericsson is driving this change of making Mobile money more open by collaborating with MTN to advance secure, flexible platforms that help build an interconnected and transparent financial ecosystem.”

 

About MTN Ghana

MTN Ghana is the market leader in the increasingly competitive mobile telecommunications industry in Ghana, offering subscribers a range of exciting options under Pay Monthly and Pay As You Go Services.

The company has committed itself to delivering reliable and innovative services that provide value for subscribers in Ghana’s telecommunications market. MTN has continuously invested in expanding and modernizing its network since its entry into Ghana in 2006.

The company has also built three modern Switch and Data centres to deliver stable, reliable, efficient and robust Telecom and Data Services to customers.

 

Banner
Related Posts

Using Blockchain to Enable Faster Cross Border Remittance

May 10, 2019

May 10, 2019

Using Blockchain to Enable Faster Cross Border Remittance Blockchain derived its name from how it works and the way it...

World Remit: A FinTech Startup Revolutionizing Money Transfer and Remittance  

April 17, 2019

April 17, 2019 1

World Remit, in short, is money transfer and remittance made easy. Within minutes of transactions, funds are being directly deposited...

Hollaport Launches in Lagos, Announces its Plan to Deepen Financial Inclusion

July 12, 2019

July 12, 2019

Kabiru Rabiu of BUA Group Launches Hollaport App Kabiru Rabiu, Group Executive Director of Bua Group, a leading Nigerian conglomerate...

PayStack Introduces USD Payouts into Zenith Banks  

December 11, 2019

December 11, 2019 1

Table Of ContentsIntroduction: What’s USDHow Paystack USD settlements works?  Introduction:  PayStack introduced USD settlements which allow Paystack merchants to list...

Paypal Launches Xoom in the African market

August 25, 2019

August 25, 2019

  PayPal in 2015 brought xoom, a money transfer company which now serves 33 African countries from about 30 European...

How To Make Interswitch Payments Using Your Mobile Phone

April 16, 2019

April 16, 2019

How To Make Interswitch Payments Using Your Mobile PhoneMaking payments using your mobile phone can be a real headache. Trust me, I know. From USSD codes to apps and even websites, everything misbehaves at one point or the other.

SafriCom has partnered with Ria Money Transfer to Improve International Money Transfers through M-Pesa

January 31, 2020

January 31, 2020

Safaricom has partnered with Ria Money Transfer, to empower more than 26 million M-PESA customers to receive international money transfers...

Remitly Partner with Xpress Money to Expand Cross-border Money Services

December 2, 2019

December 2, 2019

Remitly is an online remittance service which allows users to transfer money from United states to Nigeria , while Xpress...

MTN Mobile Money Wallet Users Can Transfer through Western Union Directly

November 1, 2019

November 1, 2019

Cross-border transfer has been made easy with the new launch of western union on MTN mobile money wallet.  In this...

Visa partners with PalmPay to drive financial inclusion across Africa

April 26, 2019

April 26, 2019

Visa partners with PalmPay to drive financial inclusion across Africa Visa, the global payments technology company and PalmPay, a new...

6 Facts About Paystack Nigeria You Never Knew Before

April 19, 2019

April 19, 2019 2

6 Facts About Paystack  Nigeria You Never Knew Before As the new kid on the block when it comes to...

Uber Launches a Financial Product Known as Uber Money

November 28, 2019

November 28, 2019

  Uber, the ride company has announced a new expansion into a financial product which includes a digital wallet and...

Paga, Nigeria’s Mobile Money Operator Crosses 1.5 Trillion Naira in Transaction

August 12, 2019

August 12, 2019 1

Paga, Nigeria’s Mobile Money Operator Crosses 1.5 Trillion Naira in Transaction Value Earlier today, the CEO of Paga, Nigeria’s foremost...

FlutterWave  yet again secures a $35 million series round and a Partnership with WorldPay

January 24, 2020

January 24, 2020

  FlutterWave, a San Francisco and Lagos-based fintech startup has secured a $35 million Series  B round  and a partnership...

GONA Raises Multi-Million Dollar Investment in Nigeria

August 19, 2019

August 19, 2019

What’s GONA? Gona is a payment platform that enables seamless and cashless payment in public buses. The problem Gona is...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.