Mobile telecommunication giants, MTN recently crowned the 10- year anniversary celebrations of its Mobile Money service with a grand party and awards dinner at the Kempinski hotel in Accra.
Several institutions and persons were awarded for their diverse roles in the success of the platform that was introduced some ten years ago.
Some organizations which were rewarded with citations and plaques include Fidelity Bank, Ecobank, Cal Bank, GT Bank, Access Bank, Zenith Bank, UBA, UMB, and Stanbic Bank in the Pioneering Momo Partnet Bank’ category.
Barclay’s Bank, Republic Bank, and First Atlantic Bank were adjudged as ‘Emerging Partner Banks with Great Impact”, while Fidelity Bank was also honoured as the ‘MoMo Partner Bank Frontrunner’.
Other categories were; the ‘MoMo Fintech Pioneer’ – IT Consortium, and CoreNett Limited, and ‘Emerging and Innovative Fintech Partner’ – ‘appsNmobile Solutions’.
miLife Insurance, was honoured with the ‘First MoMo Advance Service Award’, DSTV of MultiChoice Ghana Limited with the ‘First MoMo Bill Payment Award,’ Ghana National College with the ‘First MoMo School Fees Award’ and Star Oil Company as the ‘Most Supportive MoMo Merchant.’ Individuals were also awarded for their contributions to the success of MoMo.
They were; Mr Gideon Osei Amoako as the ‘MoMo Patron,’ Mrs Elly Ohene-Adu as the ‘MoMo Powerbroker,’ Dr Settor Kwabla Amediku as the ‘MoMo Regulatory Influencer,’ and Mr Eli Hini as the ‘MoMo Trailblazer.’
Others were; Mr Bruno Akpaka as the ‘MoMo Master Minder,’ Mr George Nenyi Andah as the ‘MoMo Brand Builder,’ and Mr Ebenezer Twum Asante as the ‘MoMo Game Change.’
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh mentioned that Momo platform has contributed significantly to the country’s economic growth and also created job opportunities for people.
The General Manager of MTN MoMo Eli expressed appreciation to staff of MTN and partners for contributing to the growth of the platform
Over 100,000 customers subscribed to the service six months after it was launched, however, it currently has over 14 million subscribers, out of which nine million were 30-days active users, he said.
Hini said MTN currently had 140,000 active mobile money agents nationwide.
He mentioned fraud as one challenge the network faced with the MoMo service, however, the company had invested heavily to control the canker.
Ken Ofori-Atta, the Minister of Finance in a speech delivered on his behalf commended MTN for providing jobs for almost half of the population.
He encouraged MTN to work directly with microfinance institutions to drive growth of the financial sector.