MTN reduces P2P MoMo transaction charge by 25% in Ghana

MTN Ghana has taken a customer-friendly decision to reduce charges for all Person to Person (P2P) Mobile Money (MoMo) transactions.

The decision has been taken to cushion Mobile Money users amid the Electronic Transaction Levy (E-Levy) implementation, seeing Ghanaians paying more for transactions. In a message to customers, MTN Ghana says P2P transactions that used to attract a 1% charge will now come with a 0.75% charge. Meanwhile, the payment of GHS10 for transactions GHS1000 and over is now capped at GHS7.5.

“Y’ello Valued Customer kindly is informed that MTN has reduced its P2P MoMo transaction charge by 25%, from 1% to 0.75%. Transactions above Ghc1000 are also capped at GHS7.5,”

– parts of an alert sent by MTN Ghana to customers.

“Please note that P2P transactions up to Ghc100 on all networks are free from E-levy. Keep using MoMo for the convenience and safety it offers. Thank you.” – It adds,

Through the Ghana Revenue Authority (GRA), the government of Ghana commenced the Electronic Transaction Levy (E-Levy) implementation on Sunday, May 1, 2022. All daily transactions beyond GHS100 attract a charge of 1.50%. Of course, the customer-friendly approach from MTN plays a pivotal to the betting and gaming industry, which has been a marvel in recent times with the new contentious tax on stakes and winnings by the Ghana Revenue Authority (GRA).

However, the association of sports betting operators in the country kicks against such a move, though it is still a contentious decision between the GRA and operators. Mobile money penetration in Ghana has been the bedrock of success for online betting and gambling in the country, and it is the first choice for bettors to deposit through their favourite sportsbooks.

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