GCB Bank Limited has announced the introduction of a novel mobile wallet service called ‘G-Money’.
The service will allow individuals and businesses to use their mobile phones or Personal Digital Assistants (PDA) to store money in the form of electronic money or value for transactions.
This comes after the Bank’s receipt of approval from the Bank of Ghana (BoG) on November 25, to create electronic value backed by equivalent cash to serve customers Anselm Ray Sowah stated some of the benefits of the new service;
“G-Money affords customers the freedom to perform transactions regardless of their mobile network operator. The service also allows customers to save and borrow money using their wallet”, he explained.
The Unstructured Supplementary Service Data (USSD)-ran service will allow both bank and non-bank customers to send and receive money both locally and internationally.
Customers will also be able to save and borrow money using their G-Money accounts. The account can also be linked to any GCB Bank account to ease transactions.
The introduction of G-Money is part of GCB Bank’s mandate to increase the number of digital services available to its loyal customers. The service is also expected to further propel Ghana’s interoperability system initiated by the Government.
The MD also mentioned the introduction of an added service to revamp the internet banking platform.
“Digital innovation is changing the way we interact with our customers. In recognition of that fact and in our quest to increase customer satisfaction, we have revamped our internet banking platform and introduced a mobile banking app”, he revealed.
Other services that the G-Money service offers are the payment of telecommunication network services and the payment of utility bills. The service can be accessed by registering at any GCB Bank branch or at selected agent points.
All subscribers, agents and merchants of existing mobile money services can still register to use the G-Money service. The service will officially be launched in January 2020.
Latest Stories
-
Ghanaians benefit from AI Africa stimulus project
5 mins -
Gideon Mensah and Elisha Owusu secure Ligue 1 promotion with Auxerre
10 mins -
Racing towards health: Why you should join 2024 KGL Foundation Millennium Marathon
22 mins -
Banking giant BNP Paribas exits South Africa
38 mins -
Attorney General unveils 8 legislations in corruption fight
42 mins -
Police clash with civilians at Dambai, teenager killed
50 mins -
Kwame Sowu: Combating Corruption and Fueling Growth Together in Ghana
50 mins -
Maame Tiwaa did not want to investigate Cecilia Dapaah’s case – Martin Kpebu
52 mins -
Kasoa is a time bomb waiting to explode – Security expert
1 hour -
I find pleasure in proving my critics wrong – Bawumia
1 hour -
US revokes licences for sales of chips to Huawei
1 hour -
Celebrating 74 years of Otumfuo Osei Tutu II: A journey of leadership and legacy
2 hours -
US reveals it paused shipment of bombs for Israel over Rafah concerns
2 hours -
Everyone safe after building collapses in Nairobi
2 hours -
SA president condemns flag-burning election advert
2 hours