Mobile financial services in Africa: the real value of MTN Mobile Money and Ecobank across the continent.

Our unique experience of the mobile money industry in Africa, allows Connectikpeople.co to observe that, the mobile phone is transforming positively mentalities and behaviors in Africa. Peoples, communities, and companies progressively switch to mobile services and applications.  

As, a unique objective reference for modern organizations and professionals, when it comes to Tools, Supports and Solutions for drawing value in their daily activities, Connectikpeople.co is particularly excited by the growing efforts of MTN, through its MTN Mobile Money service to democratize mobile financing services in Africa.

In this momentum, MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. This also means that, they will also be able to transfer money between their Mobile Money and Ecobank accounts.

Connectikpeople.co recalls the service was piloted in Ghana in February 2014, and will soon be launched in Benin, Cameroon, Ivory Coast, Ghana, Guinea Bissau, the Republic of Guinea, Liberia, Congo Brazzaville, Rwanda, South Sudan, Uganda and

Zambia.

With MTN’s Mobile Money registered subscriber base growing to 14,8 million in 2013, this is a new milestone for both pan-African companies.

Pending to view the explosion of the mobile financial services, in these countries (savings offering and more), Connectikpeople.co encourages this collaborative commitment to make branchless banking a reality in Africa.

If unfamiliar, Connectikpeople.co recalls that, MTN Mobile Money enables users to perform local and international money transfers, make utility and other service payments, purchase airtime and access range of mobile financial products. As of 29 March 2014, MTN Mobile Money had about 14,8 million registered users, and was available in 14 countries.