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Mobile Money in Liberia

Mobile Money is a term that refers to mobile financial services, mobile payment, mobile banking, mobile money transfer and mobile wallet – all of which generally refer to payment services operated under financial regulation and performed from or via a mobile device. The Global System for Mobile Communications (GSM) operators in Liberia, particularly LonestarCell MTN http://www.lonestarcell.com/have begun offering this service, which is quite timely and has its advantages in a country where the economy is growing. At the same time, like the M-Kesh of Mozambique, the uptake of mobile money services in Liberia has been slow to start.One way to start branding and customizing these services in Liberia would be for the GSM operators or Liberia Telecommunications Authority http://lta.gov.lr/ to come up with a unique nomenclature for this service instead of Mobile Money which is the generic name that refers to the technology.

Recently in Nigeria, GlobaCom and UBA has signed an MOU with the Government to launch it’s Mobile Money service which though not yet functional but have named U-Mo .See http://www.thisdaylive.com/articles/glo-uba-sign-mou-on-mobile-money-service/97220/ Read the rest of this entry