Vodafone's mobile
financial service, Vodafone Cash, has introduced a unique credit option called
"Vodafone Cash Overdraft," which enables customers to seamlessly
borrow money to complete specific transactions without experiencing a decline
due to insufficient funds.
This new service offers Vodafone customers much more convenience while
purchasing a bundle, paying bills, and sending money across all networks, as it
eliminates the abrupt drop customers experience during a transaction because of
inadequate funds.
Commenting on the new service, David Umoh, Director of Consumer Business Unit
at Vodafone Ghana, said:
“Innovation is one of our fundamental tenets as a technology organisation. This
is why we continue to design products and services that create value for
customers. Vodafone Cash Overdraft is no different. The service aims to provide
customers with instant cash to perform their important daily transactions. I am
confident that this new service will provide customers with convenience and
improve financial inclusion in the country. I urge all Vodafone customers to
take advantage of this new offer to enjoy enhanced financial services.”
The 30-day credit service, which is underwritten by Consolidated Bank Ghana,
has a 0.23% daily interest and has been provisioned to deduct from customers'
Vodafone Cash wallets when they load up their accounts.
Since its inception, Vodafone has been focused on helping liberalise the mobile
money platform to embrace all and sundry. In line with this objective,
Vodafone Cash has been proactive in the introduction of innovative and
industry-first initiatives and campaigns to promote financial inclusion.
These include the complete waiver of charges on money transferred to any
network via Vodafone Cash. This service has brought a great deal of relief to
Ghanaians following the introduction of e-levy.
Source:
Peacefmonline.com/Ghana