Vodafone has launched its mobile cash transfer system in Ghana where 15m people do not have a bank account.
The service, called M-Pesa, will be branded Vodafone Cash in the West African state. It allows mobile phone users to load money on to their phones, just as pay-as-you-go customers can top up their credit.
They can send the funds anywhere in the country with a text message. Recipients can pick up the cash at shops that offer the service.
Moving money: The service, called M-Pesa, will be branded Vodafone Cash in the West African state
Ghana, where 64 per cent of the population have no bank account, will be the 11th country to offer Vodafone Cash.
It launched in 2012 and is already available in Kenya, Tanzania, South Africa, Democratic Republic of Congo, Mozambique, Egypt, Lesotho, India, Albania and Romania.
Read more: http://www.thisismoney.co.uk/money/markets/article-3349818/Vodafone-launches-mobile-cash-transfer-Ghana-15m-people-not-bank-account.html#ixzz3uIHNH1SV
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