• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, July 5, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Hubtel Introduces Advanced Features to Start Operating Like Mobile Money

March 25, 2022
Stephen M.Cby Stephen M.C
in Vaultz Business
0
Hubtel Introduces Advanced Features to Start Operating Like Mobile Money

Hubtel

Hubtel, Ghana’s leading name in bulk SMS messaging, has released new features to enable users collect payment and send money to as many contacts at the same time via SMS.

Patrick Asare-Frimpong, Head of Product at Hubtel, announcing the new update, indicated that due to the popularity of Mobile Money in the country, he and his team carried out a small research and identified one major setback. He thus, noted that this major weakness was what necessitated the introduction of the new feature.

“In Ghana, mobile money and bank accounts are the most common ways to send and receive money. This primarily serves person-to-person payments, but for businesses who need to collect payment from many people at the same time, such as schools, churches, estate managers, and alumni groups, taking payments to a mobile money number often creates some problems. It can be very time-consuming and hard to track who has paid from who hasn’t.”

Patrick Asare-Frimpong

The Head of Product at Hubtel explained how the new update will work, noting that it is simple and will save a lot of time for users.

RelatedPosts

Business and Investor Confidence Rebounding in Ghana – AGI

AGI Launches 14th Ghana Industry and Quality Awards to Spur Global Competitiveness

Guinness Ghana Enters New Era as Castel Group Takes Majority Ownership

“We have solved this problem by upgrading our bulk SMS messaging to make it simple for anyone who needs to collect payments from many people to simply alert them via SMS to pay. Each SMS has a unique code and a payment link to pay for any amount. This new update will save our users a lot of time chasing many people to make payments. It is perfect for schools, churches, associations, social media groups, estate managers and businesses in general.”

Patrick Asare-Frimpong

In addition to taking payments from many people via SMS, Patrick Asare-Frimpong asserted that users can also send money to as many contacts with a unique withdrawal code to withdraw the money instantly to any mobile money wallet or bank account. He noted that this feature is most ideal for user such as event planners who work with various vendors and suppliers when managing an event. “When sending money, the event planner can simply assign specific amounts to send to different mobile numbers in a contact list.”

Steps to Follow In Using the New Feature

In a demonstration of the feature, Patrick Asare-Frimpong, guided some users and outlined some basic steps to follow in order to carry out the transaction.

“Using SMS & Money to send, collecting and tracking payments is just as easy as sending a bulk SMS in five simple steps. Firstly, prepare your contact data in Microsoft Excel, then upload your excel file and compose SMS. Personalize your message with unique data of each person (for example, name, contribution type, amount to pay). Set payment features though you can choose to allow or disallow payment in instalment. Send SMS at the lowest rate of 2p (GHS 0.02) per message. Finally, track who has paid and remind those who haven’t.”

Patrick Asare-Frimpong

Meanwhile, Hubtel is the world’s first messaging technology platform to offer this kind of service. According to 2021 data from the Bank of Ghana and the Ghana Interbank Payment & Settlement Systems, Hubtel currently processes nearly 8.3% of all successful mobile money payments in Ghana. With the introduction of this feature, the company will be looking forward to a significant increase in its transaction volumes.

READ ALSO: Banks Need Effective Customer Complaint Management System- ARB Director

Tags: HubtelMobile MoneyNew features
Please login to join discussion
Previous Post

South Africa: IZA Secures Funding to Research Novel Ways to Refine Zinc

Next Post

President Akufo-Addo Bemoans Insufficient Number of Medical Personnel in the Regions

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Bright Simons, 5G, Ghana
General News

Ghana’s 5G Rollout in Crisis as NGIC Model Falters

July 5, 2025
Ghana Declares Eban-Akoma Oil Discoveries Commercially Viable
Extractives/Energy

Ghana Declares Eban-Akoma Oil Discoveries Commercially Viable

July 4, 2025
HE President Mahama at the launch of the No Fees Stress Policy
General News

Mahama Launches “No Fee Stress” Policy to Expand Access to Tertiary Education

July 5, 2025
Corbyn And Sultana Plan New Left Party
UK

Corbyn And Sultana Plan New Left Party

July 4, 2025
Ukrainian President, Volodymyr Zelenskyy and US President, Donald Trump have a heated exchange.
Europe

Trump, Zelenskyy Agree To Strengthen Ukraine’s Air Defences

July 4, 2025
President John Mahama on peace after election
General News

Mahama Calls for Action on Peace Amid Ghana’s Global Decline 

July 4, 2025
Bright Simons, 5G, Ghana
General News

Ghana’s 5G Rollout in Crisis as NGIC Model Falters

by Silas Kafui AssemJuly 5, 2025
Ghana Declares Eban-Akoma Oil Discoveries Commercially Viable
Extractives/Energy

Ghana Declares Eban-Akoma Oil Discoveries Commercially Viable

by Prince AgyapongJuly 4, 2025
HE President Mahama at the launch of the No Fees Stress Policy
General News

Mahama Launches “No Fee Stress” Policy to Expand Access to Tertiary Education

by Evans Junior OwuJuly 5, 2025
Corbyn And Sultana Plan New Left Party
UK

Corbyn And Sultana Plan New Left Party

by Lawrence AnkutseJuly 4, 2025
Ukrainian President, Volodymyr Zelenskyy and US President, Donald Trump have a heated exchange.
Europe

Trump, Zelenskyy Agree To Strengthen Ukraine’s Air Defences

by Comfort AmpomaaJuly 4, 2025
President John Mahama on peace after election
General News

Mahama Calls for Action on Peace Amid Ghana’s Global Decline 

by Lilian AhedorJuly 4, 2025
Bright Simons, 5G, Ghana
Ghana Declares Eban-Akoma Oil Discoveries Commercially Viable
HE President Mahama at the launch of the No Fees Stress Policy
Corbyn And Sultana Plan New Left Party
Ukrainian President, Volodymyr Zelenskyy and US President, Donald Trump have a heated exchange.
President John Mahama on peace after election
[/vc_row_inner]

Recent News

  • Ghana’s 5G Rollout in Crisis as NGIC Model Falters
  • Ghana Declares Eban-Akoma Oil Discoveries Commercially Viable
  • Mahama Launches “No Fee Stress” Policy to Expand Access to Tertiary Education
  • Corbyn And Sultana Plan New Left Party
  • Trump, Zelenskyy Agree To Strengthen Ukraine’s Air Defences
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.