{
  "id": 7514153,
  "title": "Digital finance must move Ghanaians beyond basic transactions – MMFL",
  "url": "https://urgent.news/2026/09/15/digital-finance-must-move-ghanaians-beyond-basic-transactions-mmfl",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T08:51:45.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/09/15/digital-finance-must-move-ghanaians-beyond-basic-transactions-mmfl/"
  },
  "original_language": "en",
  "account": "Ghana's financial inclusion journey needs to progress beyond basic money transfers, according to Abdul-Razak Issaka Ali, Chief Commercial Operations Officer of MobileMoney Fintech Limited. Speaking at the MTN Ghana's 2026 DigiFest launch, Ali emphasized that mobile money must evolve to enable customers to save, invest, obtain credit, secure insurance, and create stronger financial futures. He noted that while MoMo initially aimed to ease money transfers and expand financial inclusion, the potential now lies in helping customers leverage their mobile money access for more substantial financial growth. Ali stressed that financial inclusion extends beyond mere transaction capabilities to include products that aid risk management, future planning, and new opportunities. He highlighted the need for collaboration between mobile money operators, banks, insurers, pension providers, fintech companies, regulators, and other ecosystem partners to achieve this vision. Ali explained that MMFL's platform approach allows partners to offer a wider array of financial products to customers while the MoMo App serves as a convenient platform for users to discover, access, and manage multiple financial and lifestyle services. He also mentioned that innovations like artificial intelligence and application programming interfaces (APIs) can enable institutions to personalize services, streamline product connections, expedite customer needs responses, and enhance fraud detection. As part of its dedication to local innovation, MMFL is running the MoMo FinTech Lab, a program that identifies and supports promising fintech ideas with the potential to shape Ghana's financial services future. The lab offers mentorship, skills development, technical support, stakeholder engagement, networking, and pitching opportunities to help participants develop practical solutions and connect their innovative ideas to the broader financial ecosystem. Ali stressed that technology and partnerships should ultimately deliver tangible benefits for customers by making financial services more useful, secure, and accessible. He reiterated that the aim is not to pursue technology for its own sake but to use technology and partnerships to address real customer needs, expand opportunities, and assist more Ghanaians in building healthier financial lives.",
  "summary": "Ghana’s next phase of financial inclusion must move beyond sending and receiving money to help more people save, invest, access credit, obtain insurance and build stronger financial futures, Mr Abdul-Razak Issaka Ali, Chief Commercial Operations Officer of MobileMoney Fintech Limited, has said The post Digital finance must move Ghanaians beyond basic transactions – MMFL appeared first on Ghana…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}