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EN
Mobile Money is a key catalyst of eCommerce
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Business Day Ghana
Mr Haris Broumidis, Chief Executive Officer of Vodafone Ghana, has projected that the 26 per cent of internet penetration for Africa and 103 million Africans active on social media indicates mobile money’s role in eCommerce.
Speaking at the Second Ghana e-Commerce Expo and Conference in Accra designed to help grow online trade, Mr Broumidis mentioned how Africa’s first mobile money platform, Mpesa is making it possible for customers to conveniently pay bills, buy phone credits, and conduct other activities.
A statement copied to the GNA said the CEO noted that mobile money has undoubtedly transformed the way businesses think and operate.
Addressing the “Rise of Mobile Money and the Future of Cash”, Mr Broumidis said mobile money would not cause the death of cash in any way; but rather, complement the platform, adding that despite the rise of credit cards and mobile money platforms, cash is still instrumental.
According to the statement, Mr Broumidis said physical cash is still primarily the key medium by which transactions are conducted and people still find cash easy to carry, widely accepted and reliable.
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