Ghana to require mobile money licence for non-banks

Thursday 9 July 2015 | 11:16 CET | News
Ghana's central bank (BoG) has introduced a new set of guidelines for telecommunication companies engaged in mobile money services. They will have up to six months to establish a separate business entity to handle their electronic money services. Under the guidelines, which became effective on 06 July, non-banks that have previously been offering mobile financial services in partnership with banks must apply within six months of the guidelines coming into effect for a licence, in order to conform to the new framework. The objective of the latest guidelines, the Bank of Ghana said, is to

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Categories: Mobile & Wireless
Companies: Airtel Ghana / MTN Ghana / Tigo Ghana
Countries: Ghana
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