The political economy of mobile money interoperability and transactions in Ghana

Ali Yakubu Nyaaba, Mariama Marciana Kuusaana and Daniel Owusu-Ansah
Asante: China and Africa relations: Making their lunch or eating it?
Journal of African Political Economy and Development | ISSN 2518-847X | Volume 2 | December 2017

The political economy of mobile money interoperability and transactions in Ghana

Ali Yakubu Nyaaba, Mariama Marciana Kuusaana and Daniel Owusu-Ansah

Department of History & Political Studies/Kwame Nkrumah University of Science and Technology, Kumasi, Ghana,

Email: aynyaaba.cass@knust.edu.gh; ayimbil@yahoo.co.uk

Abstract

Over the last ten years, there has been a substantial upsurge in the number of alternative channels available for the delivery of financial services in Ghana. Conventional delivery methods seem to have given way to modern delivery technologies. The paper argues that the ubiquitous use of mobile phones in Ghana, thus encouraged both industry players (i.e. the mobile telecommunication operators) and non-industry players (e.g. Traditional banks) alike, to adopt innovative ways of exploiting the situation to their benefit. The result is that most financial institutions now strive to provide services that are operated on mobile platforms. This spectacle was further enhanced by the mobile telecommunication operators, when MTN, a market leader, launched the first mobile money services in Ghana in August, 2009. While there seems to be an almost inevitable collaboration between the mobile telecommunication operators and commercial banks, in rolling out mobile financial services to their customers, the dynamics of their relationship is rather more complicated. Adopting a methodologically pluralist approach, the paper explored the inherent complementary and or competitive relationship that exists between them.

Keywords: Interoperability; Complementary; Competitive; Mobile money.

 

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