Home Business MoMo transactions for Q1 of 2019 hit over GH¢66bn

MoMo transactions for Q1 of 2019 hit over GH¢66bn


The price of transactions carried out on cellular money platforms for the initial quarter of this year arrived at more than GH¢66 billion.

This was contained in the latest data masking digital payments from January to March this year.  

There are presently three operators in the mobile revenue room that is MTN, Vodafone and Airtel/Tigo. The studies showed that MTN instructions additional than 90 for every cent of this industry, in conditions of funds held with industrial banking companies and transactions.

Quantity and Worth of Transactions

The total value of cell income transactions of GH¢66,356.41 million in the first quarter of 2019 showed a 26.75 for each cent advancement above the 1st quarter 2018 situation of GH¢52,352.80 million. 

Also, the complete quantity of transactions in the initially quarter of 2019 enhanced to 436,723,487 from 312,926,881 in the similar interval in 2018, displaying a development fee of 39.56 for every cent. 

Agent Network

The amount of registered cell funds agents went up by 63.28 for every cent to 355,912 as at conclusion-March 2019 in contrast with 217,974 in March 2018. 

The variety of active agents as at conclude-March 2019 stood at 182,344 and represented a advancement of 13.03 for every cent about the same period of time past yr. 

This sustainable scaling of agent network is an sign of the cell revenue business contribution to employment in the region.

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