Mahamudu Bawumia, Vice PresidentGhana has concluded discussions with renowned online payments system Paypal and will therefore, if all goes well, become one of the Paypal-compliant countries soon, Vice President Dr Mahamudu Bawumia has announced. Online payments system Paypal supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. Following today’s launch, customers will be able to move freely monies from mobile money to mobile money accounts across different networks. Furthermore, mobile customers can move money from their mobile money accounts to bank accounts without any hassle, freeing up funds locked up in the telcom sector. As well, from the bank side customers can move money from their bank account(s) to mobile money accounts.

Source: GhanaWeb May 10, 2018 19:41 UTC