MobileMoney Limited (MML/MTN Momo) has successfully achieved the Global System for Mobile Communications Association (GSMA) Mobile Money certification.
MTN MoMo was robustly assessed against eight (8) principles made up of detailed criteria set by the GSMA between November 2022 and May 2023. These principles include Security of Systems, Data Privacy, Safeguarding of Funds, Quality of Operations amongst others.
Expressing his joy at the certification, the CEO of Mobile Money Limited, Shaibu Haruna, highlighted the importance of the certification.
“This certification gives credence to the fact that Mobile Money Limited is poised to grow the business into a global FinTech service. The company has invested heavily in the right technology and the skills needed to provide FinTech transformation. We are excited to be offering our customers a globally accredited service which continues to drive digital innovation.”
Shaibu Haruna
Mobile Money Certification Promotes Security
The GSMA Mobile Money certification is a global initiative which promotes security, transparency, and resilient financial services to millions of mobile money users across the world. It is the only global certification scheme designed exclusively for mobile money services and enhances trust among users and stakeholders.
As a market leader, MML will continue to take steps to enhance the delivery of quality financial services to its customers, build trust among stakeholders and further financial inclusion by making innovative products and services accessible to all.
In 2016, MML received the reputable ISO certification (ISO/IEC 12007: 2013 certification). This is an international security standard that spells out best practices for how corporations should manage their data.
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MobileMoney Limited was launched in 2009 and is a subsidiary of MTN Ghana responsible for Mobile Financial Services.
In Ghana, mobile money has opened access to financial services for millions of people for the first time, strengthening the payment ecosystem and deepening financial inclusion. To encourage the digitisation of merchant payments in Ghana’s open markets, in January 2017 MTN Ghana launched a merchant payment service – MoMo Pay
