Vodafone's mobile financial service, Vodafone Cash, has introduced a unique credit option called 'Vodafone Cash Overdraft.'
This feature enables customers to seamlessly borrow money to complete specific transactions without experiencing a decline due to insufficient funds.
This new service offers Vodafone customers much more convenience while purchasing a bundle, paying bills, and sending money across all networks, as it eliminates the abrupt drop customers experience during a transaction because of inadequate funds.
Commenting on the new service, David Umoh, Director of Consumer Business Unit at Vodafone Ghana, said:
“Innovation is one of our fundamental tenets as a technology organisation. This is why we continue designing products and services that create customer value. Vodafone Cash Overdraft is no different. The service aims to provide customers with instant cash to perform their important daily transactions.
"I am confident that this new service will provide customers with convenience and improve financial inclusion in the country. I urge all Vodafone customers to take advantage of this new offer to enjoy enhanced financial services.”
The 30-day credit service, which is underwritten by Consolidated Bank Ghana, has a 0.23% daily interest and has been provisioned to deduct from customers' Vodafone Cash wallets when they load up their accounts.
Since its inception, Vodafone has been focused on helping liberalise the mobile money platform to embrace all and sundry.
In line with this objective, Vodafone Cash has been proactive in the introduction of innovative and industry-first initiatives and campaigns to promote financial inclusion.
These include the complete waiver of charges on money transferred to any network via Vodafone Cash. This service has brought a great deal of relief to Ghanaians following the introduction of e-levy.
Latest Stories
-
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
2 mins -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
22 mins -
Samini teams up with Francis Osei for ‘Sticks N Locks’ EP
29 mins -
Government should resource record labels – Seven Xavier
48 mins -
I need majority in parliament to successfully complete my term – Akufo-Addo pleads
51 mins -
Next NDC government will not recognise illegal contracts signed by current administration – Sammy Gyamfi
1 hour -
Premier League clubs vote in favour of spending cap plans
1 hour -
Nigeria’s fuel crisis brings businesses to a halt
1 hour -
King Promise impresses fans at sold out show in Singapore
1 hour -
Ejisu by-election to proceed after plaintiff withdraws injunction application
1 hour -
CSOs and NGOs unite to push for priority demands at INC-4
2 hours -
Fuel tanker bursts into flames on Kumasi-Accra highway
2 hours -
EC’s stolen BVR kits, laptops: One granted bail, three still on remand
2 hours -
2 Things: Sista Afia releases first song off her upcoming album
2 hours -
GHS to embark on COVID-19 vaccination campaign starting May 4
2 hours