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Economist, Kwame Pianim is calling for stronger regulation of mobile money and mobile banking services in the country. This follows what he describes as a worrying trend of unfair competition posed by Telcos to other service providers. Mr. Pianim who is also the Board Chairman of Electronic payment Provider, E-Transact explains to JOY BUSINESS, mobile financial service-delivery is being unduly affected by the dual role of Telco’s. “The telecoms companies now have mobile banking services and I don’t think its wrong but they also control connectivity for a platform such a E-Transact. So somebody has to be there to regulate that because your connectivity for others on your others on your platform should not interfere with your competition as a mobile bank. We all have to provide our services as efficiently and purposely for everybody else as possible” he said.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.