Xpress Money, a money transfer company, has teamed up with MTN Ghana, a telecom provider in Ghana, to launch a mobile wallet service to Ghana from the Gulf Cooperation Council (GCC).
With this service, Xpress Money customers remitting to Ghana can now transfer money directly into the mobile wallets of registered MTN Mobile Money users across the country.
The new service to Ghana will be available across countries including UAE, KSA, Kuwait, and Qatar in the GCC with plans to launch from Nigeria, UK, Australia, Jordan, USA, Canada, Belgium, Denmark, Germany and Italy.
Customers can avail the service by visiting an Xpress Money outlet and providing details of the person they intend to send money to, their registered MTN numbers as well as the amount they wish to send.
Later, MTN customer will receive an SMS confirmation to collect money, after which the customer can visit the nearest MTN outlet and receive money by presenting his valid ID.
Using the service, customer can send only $1500 in a month and up to $500 per single transaction. Xpress Money is planning to roll out the service for Ghana from other countries by the end of this year.
Xpress Money COO Sudhesh Giriyan said: "We are very happy to join hands with MTN who have championed the Mobile Wallet segment, and believe that this service will take convenience to the next level for our customers receiving money in Ghana."
MTN Mobile Money commercial senior manager Eli Hini said: "The service can be enjoyed by all registered MTN Ghana Mobile Money customers and is instant, totally secured and very convenient."
"There are over 1.75 billion smart phone users in the world today and a recent transparency market research stated that the global increase in smartphone penetration will boost the value of the mobile wallet market to USD 1,602.4 billion by 2018," added Giriyan.