Ghana Commercial Bank (GCB) will officially launch their “G-Money” mobile wallet service on 30th January, 2020.
With the service, the bank will allow users and businesses to use their phones and mobile devices to store money in the form of electronic money or value for transactions.
An Unstructured Supplementary Service Data (USSD) service will run on top of the wallet and allow 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 for ease of transactions.
Users with the G-Money wallet will also have the ability to pay for telecommunication network services (airtime, data, etc) and utility bills. The service can be accessed by registering at any GCB Bank branch or at selected GCB agent points.
GCB was granted approval from the Bank of Ghana last year in November to create electronic value backed by equivalent cash to serve customers.