The South African owned Telecommunication company MTN has finally issued its official statement regarding the shut down of its Mobile Money (MoMo) service in Ghana. The statement has officially dispelled the rumors of shutting down MoMo service ahead of the brutal wave of xenophobic attacks.
It all started with the wave of xenophobic attacks originated from South Africa especially Johannesburg in which an aggressive group of people attacked the Africans. The wave reached Nigeria and other parts of Africa because of the major media coverage. When the Nigerians saw South Africans killing Nigerians in SA through the media reports and social media posts, they started destroying SA owned businesses as well. Hense, the MTN shut down its MoMo service there.
Right after that, there were rumors that the MTN has shut down its service in Ghana as well but it has finally dispelled the rumors. The official statement issued by the company says, “MTN MoMo is not a centralized service being operated at the MTN Group level. Customers’ funds are safely lodged with our 18 partner banks in Ghana.”
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