Mobile Money In Ghana

1132 Words5 Pages
Martin Cooper is famous for inventing the handheld cellular mobile phone and was well –deservedly the first to make the world’s first handheld cellular mobile phone call on April 3, 1973 and now forty-two years later, Mr Cooper never thought that the tool he created for phone calls would metamorphose to become the most common device. When these handheld cellular mobile phones were made, their main functions were to make and receive calls, and then text messages were transferred from one person to the other, followed by the exchange of pictures and videos. But presently, mobile phones are more complex than that. First there was the introduction of mobile money. Mobile Money is a very general term meaning any financial action made with a mobile…show more content…
Out of these six (6), 4 of them operate the “mobile money” transfers. Although the term “mobile money” has a general definition once you mention “mobile money” in Ghana, everyone tends to believe you are referring to MTN mobile money. TigoCash refers to TIGO mobile money and Airtel for Airtel and VodaCash for Vodafone money transfers. These services allow users to deposit send and withdraw funds using their cell phones and in recent times laptops and computers. Users can also procure airtime and pay certain utility…show more content…
1.4 Objectives: Distinctively, the research has the following objectives. 1. To identify the major challenges of the implementations of the QUICK project; 2. To identify the cause(s) of these challenges in the implementation of QUICK; and 3. To identify strategies to mitigate the challenges. 1.4 Methodology The research made use of the descriptive research design in to portray the challenges in the implementation of PASL’s “QUICK” project. Descriptive research designs are used in qualitative research projects (Neumann, 2004). The qualitative research has been used since it establishes and brings out the way in which things are and also generally describes conditions such as potential behavior, outlook, values and distinctive traits (Mugenda and Mugenda, 2003).Descriptive research also involves gathering data that best describe events and then organizes, tabulates, and depicts the data gathered (Grace,2005). In order to gain insight into the mobile banking sector in Ghana and find the challenges and risk involved in the implementation of QUICK, data will be combined from the QUICK project implementation committee of
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