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( Payments and ecommerce )

What is Mobile Money?

Mobile Money is payment from a balance held against a phone number, which in Ghana means MTN MoMo and Telecel Cash, and is the most common way people pay online.

A Ghanaian online store without Mobile Money turns away most of its customers. Accepting it on a website goes through a gateway, which prompts the customer's phone for approval and reports the result to the site.

Fees are charged by the gateway and the network, and settlement can take a day. Our guide to accepting MoMo on a website covers the options, the fees and what the integration involves.

For a service business, MoMo on the website also means deposits can be taken before a job, which removes the most common cause of no shows.