March 4, 2021 All Things Fintech in Africa

MTN Mobile Money Wallet Users Can Transfer through Western Union Directly

Cross-border transfer has been made easy with the new launch of western union on MTN mobile money wallet.  In this partnership between MTN and Western Union, the number one leading cross-border currency movement and the leading telecommunications service provider, is to enable customers in Ghana to receive Western Union transfers into their MTN money wallets.

Over 14 million MTN mobile money wallet users can access western union directly with a just a few clicks.  Customers can receive money  using western union digital products and the Agent retail network across the world.

Why MTN mobile wallet and Western Union are together

Ghana is one of the top West African countries with tremendous growth in registered mobile money accounts. This partnership means a seamless money transfer across MTN mobile money channels. It is fast emerging market in a cross-border currency transfer with diverse customer preferences and needs.  With this collaboration, customers in Ghana who own MTN mobile money can choose from multiple pay-out options into their MTN mobile money wallet or at a Western union agent location. The digital service basically allows a large number of incoming remittances to Ghana, from the comfort of their home or office.  In addition to this digital service launch, customers can access the existing in store money transfer service from a large network of agent locations across the country.

How it works

According to the Central Bank of Ghana regulations, customers are expected to register their MTN mobile money with a valid National ID for verification.

  • Hence, after registration, customers can conveniently receive Western Union money transfers into their MTN Mobile Money Wallet.
  • Consumers can receive up t0 $1500 Ghanaian Cedis equivalent per day.
  • Once a transfer has made and funds deposited into the wallet, customers will receive an SMS confirmation and notified of their total balance.
  • For a user to receive in local currency physically, they have to go to over 135,000 MTN mobile Money agent locations and over 200 partner banks ATM for a cardless withdrawal.

 

Banner
Related Posts

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...

ORide; Nigeria’s Bike hailing Service launched by OPay

June 6, 2019

June 6, 2019 1

ORide, a bike-hailing app launched under the hub of OPay intends to make going around Lagos easier. On the average...

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...

ZaZu Launches MasterCard Prepaid Cards Linked to Mobile Wallet

December 11, 2019

December 11, 2019

Zazu, a  Zambian Fintech startup Zazu has partnered with Mastercard  to issue prepaid cards linked  to its mobile wallet. Zazu...

Zazu Raises $1.4m in an attempt to expand their user base

December 11, 2019

December 11, 2019 1

  Zazu fully started as a digital banking space in 2107.  Previously, Zazu was a platform where farms could connect...

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...

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...

Eyowo Launches a Retail Banking Tool

December 2, 2019

December 2, 2019

Eyowo, a digital bank, with the  aim  to encourage financial inclusion among every Nigerian by making banking as easy as...

Opay Expands as it launches tricycle hailing service, OTrike in Nigeria

August 25, 2019

August 25, 2019 1

  Introduction The opera company, the Chinese-backed startup is giving other fin tech startups a clear run for their money...

 FlutterWave:  Creating Financial Accessibility With Digital Payment Solutions

September 27, 2019

September 27, 2019

Introduction:  Sometimes, I feel the technology is  man’s coolest invention. Digital bank is the newest rave of the now, which...

PesaLink, Kenya’s Payment System

October 28, 2019

October 28, 2019

  What is PesaLink? Pesalink is a payment system launched by the Kenya Bankers Association (KBA). This is a digital...

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...

Carbon Plans to Launch a Micro Insurance and Digital Wallet in Kenya

October 24, 2019

October 24, 2019

  Carbon is a Nigerian instant loan, investment, and payment   digital service,  planning to launch new operations  in Kenya.   In...

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...

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.