MTN MobileMoney is a cash management service available on the mobile phone or internet. It is mainly about facilitating money transfer for the Ghanaian market. The service can also be used for reloading of MTN airtime units and for payment, of utility bills, goods & services. The service is available to both mobile and non mobile users.
MTN MobileMoney is provided by MTN in partnership with banks. MobileMoney will also operate through authorized Merchants who will facilitate the service on behalf of the partner banks.
MTN MobileMoney comprises of individual (subscriber) and merchant wallets. Wallets (individual & merchant) are created after the registration process is completed on the phone with the selection of a four digit MobileMoney PIN.
The MobileMoney PIN is required to authorize all MobileMoney transactions. No single transaction can be completed without the MobileMoney PIN. Wallet transactions for MTN Mobile Money are in Ghana cedi.