The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem

Interoperability was introduced to promote seamless financial transactions between different payment platforms and institutions. Its primary purpose is to remove barriers between mobile wallets and bank accounts, thereby enhancing convenience, encouraging digital transactions, and advancing financial inclusion. Charging customers an additional fee merely to move their own funds from one account they own (MoMo wallet) to another account they own (bank account) undermines this very objective.

Original source: MyJoyOnline Ghana