The Ghana Chamber of Telecommunications together with the Government of Ghana, Central Bank, GhIPSS and commercial banks on Thursday 10th May 2018 launched the mobile money interoperability system at the Marriot hotel in Accra.
The Mobile Money Payment Interoperability is the service, which allows direct and seamless transfer of funds from one mobile money wallet to another mobile money wallet across networks, which was developed by Ghana Interbank Payment and Settlement Systems (GhIPSS) with active collaboration of the Mobile Industry.
I find that this technology is really interesting for all mobile money service providers. MTN-Ghana could leverage the customer base of its competitors as their main way to make money is through transaction fees, and with this technology, they will benefit from a higher number of transactions.